• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Fortnite is Being used as a Money Laundering Venue

Raevenlord

News Editor
Staff member
Joined
Aug 12, 2016
Messages
2,786 (2.34/day)
Location
Portugal
System Name The Ryzening
Processor Ryzen 7 1700 @ 3.7 GHz
Motherboard MSI X370 Gaming Pro Carbon
Cooling Arctic Cooling Liquid Freezer 120
Memory 16 GB G.Skill Trident Z F4-3200 (2x 8 GB)
Video Card(s) TPU's Awesome MSI GTX 1070 Gaming X
Storage Boot: Crucial MX100 128GB; Gaming: Crucial MX 300 525GB; Storage: Samsung 1TB HDD, Toshiba 2TB HDD
Display(s) LG 29UM68P (21:9 2560x1080 FreeSync Ultrawide)
Case NOX Hummer MC Black
Audio Device(s) ASUS Xonar DX
Power Supply Seasonic M12II Evo 620W 80+
Mouse Cooler Master Masterkeys Lite L
Keyboard Cooler Master Masterkeys Lite L
Software Windows 10 x64
The Independent has conducted an investigative report into the underwold's usage of Fortnite as a venue for money laundering. This likely won't come as a surprise - Fortnite has pretty lax acquisition restrictions for its in-game content and V-bucks, and the world's most popular multiplayer game moves millions of players through its servers daily. with such a deep pool of likely buyers for anything Fortnite at under Fortnite-store pricing, the stage is set for an almost untraceable money laundering scheme.





The Independent partnered with cybersecurity research company Sixgill in their investigative report, and the company found that usage of stolen credit cards to acquire bulk content in the Fortnite store was a relatively effortless way for criminals to get their hands on valuable digital goods, which they then resell either via Ebay (Sixgill found that Fortnite items grossed more than $250,000 on eBay in a 60 day period last year) or social media. That most of these users are only accepting cryptocurrency as means of payment is telling, in that it becomes just that much harder for law enforcement to keep up with the money trail.



This is a global phenomenon - Sixgill employees posed as potential buyers and found a network that deals in Chinese, Russian, Spanish, Arabic and English. And research conducted separately by IT security firm Zerofox found 53,000 different instances of online scams relating to Fortnite between early September and early October - with an estimated 86 per cent of those scams having been shared via social media platforms like Facebook, Instagram and Twitter. Epic games, of course, made some $3bn profit in 2018 with Fortnite - all via microtransactions. Let's just say that in the face of increased profits, any serious action to mitigate the chances of this happening likely aren't at the top of the priority list.

View at TechPowerUp Main Site
 
Joined
Apr 21, 2010
Messages
5,731 (1.64/day)
Location
West Midlands. UK.
System Name Ryzen Reynolds
Processor Ryzen 1600 - 4.0Ghz 1.415v - SMT disabled
Motherboard mATX Asrock AB350m AM4
Cooling Raijintek Leto Pro
Memory Vulcan T-Force 16GB DDR4 3000 16.18.18 @3200Mhz 14.17.17
Video Card(s) Sapphire Nitro+ 4GB RX 580 - 1450/2000 BIOS mod 8-)
Storage Seagate B'cuda 1TB/Sandisk 128GB SSD
Display(s) Acer ED242QR 75hz Freesync
Case Corsair Carbide Series SPEC-01
Audio Device(s) Onboard
Power Supply Corsair VS 550w
Mouse Zalman ZM-M401R
Keyboard Razor Lycosa
Software Windows 10 x64
Benchmark Scores https://www.3dmark.com/spy/6220813
Ridiculous "report" 250k in 2 months? hardly crime of the century and that figure doesn't show what % of those transactions were in fact legal.... but show me any game with digital currency and assets that can be bought and sold on ebay or social media that doesn't have any dodgy russian or chinese sellers that take crypto. I'm sure a lot of legit sellers would also sell for crypto cause it's so easy these days for buyers to buy $100's worth of digital assets then claim to ebay and paypal they never received the goods and the seller has been left out of pocket due to fraudulent charge backs.
 
Joined
Jun 27, 2016
Messages
123 (0.10/day)
System Name Old pal
Processor 7700K
Motherboard ROG STRIX Z270E GAMING
Cooling NH-U12A
Memory Corsair Vengeance LPX
Video Card(s) Asus ROG Strix Gaming OC RTX 2060 SUPER
Storage 960 PRO, 960 EVO
Case Fractal Design Define C TG
Power Supply Fractal Design Integra M 550W
What a revelation. What about all the streamers getting generous "donations", if that's not money laundering I don't know what is.
 

Zathan

New Member
Joined
Jun 22, 2017
Messages
3 (0.00/day)
What a revelation. What about all the streamers getting generous "donations", if that's not money laundering I don't know what is.
Can you explain in more details how someone would launder money through donations on twitch for example?
 
Joined
Sep 17, 2014
Messages
10,255 (5.43/day)
Location
Mars
Processor i7 8700k 4.7Ghz @ 1.26v
Motherboard AsRock Fatal1ty K6 Z370
Cooling beQuiet! Dark Rock Pro 3
Memory 16GB Corsair Vengeance LPX 3200/C16
Video Card(s) MSI GTX 1080 Gaming X @ 2100/5500
Storage Samsung 850 EVO 1TB + Samsung 830 256GB + Crucial BX100 250GB + Toshiba 1TB HDD
Display(s) Eizo Foris FG2421
Case Fractal Design Define C TG
Power Supply EVGA G2 750w
Mouse Logitech G502 Protheus Spectrum
Keyboard Sharkoon MK80 (Brown)
Software W10 x64
250k is peanuts. The Independent wasted a monumental amount of time on this.

Next
 
Joined
Oct 18, 2013
Messages
1,475 (0.66/day)
Location
Depends.... on where YOU are
System Name The Big Black Smoked One
Processor i7-9700k, oc'd to 4.9 ghz
Motherboard Asus ROG Strix-E Gaming
Cooling CoolerMaster AIO 360mm push/pull Rad + 8x Corsair 140mm ML RGB Fans (top, sides, bottom, rear)
Memory 32GB Corsair Vengence RBG pro DDR4-3200 (4x 8GB) in XMP 2x
Video Card(s) Zotac GTX 2080Ti w/15% o/c
Storage 2x WD Black SN750 1TB nvme + 2x 2TB Crucial SSD
Display(s) 2x Samsung 43" LCD's @4k-1440p
Case Thermaltake Level 20 XT
Audio Device(s) Built-in
Power Supply EVGA G2 SuperNova 850W Modular
Mouse Logitech MX5500 combo
Keyboard see above
Software Windows 10 pro 64 bit, with all the unnecessary background shiite turned OFF !
Benchmark Scores Quicker & Faster than flies on a dung pile
250k is peanuts. The Independent wasted a monumental amount of time on this
Yea but they will find a way to write off the costs, as ALL big companies do 24/7/365.

If you are surprised by this, then please contact me asap, as I am selling some prime beachfront property in Arkansas and WV...... :D
 
Joined
Jul 5, 2013
Messages
7,484 (3.22/day)
250k is peanuts. The Independent wasted a monumental amount of time on this.
Agreed. This level of exchange spread across so many users NOT located in the same country will not get more than a brief glance by authorities.
 
Joined
Apr 19, 2013
Messages
257 (0.11/day)
System Name Darkside
Processor i7 3770K
Motherboard GA-Z77X-UD5H
Cooling Zalman CNPS20LQ with 2x Corsair SP120
Memory Patriot Viper Xtreme 16GB 1866MHz
Video Card(s) Gigabyte GTX 1080
Storage many
Display(s) Samsung C27JG5x
Case Corsair Vengeance C70 (Arctic white)
Audio Device(s) iFi xDSD
Power Supply EVGA 750W G2
Mouse Corsair M65
Keyboard Corsair K70 LUX RGB
Benchmark Scores Not sure, don't care
LMAO This is news how? The FBI and RCMP have both stated that there is HUGE amounts of money laundering through online games. Started with Everquest...
 
Joined
Jun 27, 2016
Messages
123 (0.10/day)
System Name Old pal
Processor 7700K
Motherboard ROG STRIX Z270E GAMING
Cooling NH-U12A
Memory Corsair Vengeance LPX
Video Card(s) Asus ROG Strix Gaming OC RTX 2060 SUPER
Storage 960 PRO, 960 EVO
Case Fractal Design Define C TG
Power Supply Fractal Design Integra M 550W
Can you explain in more details how someone would launder money through donations on twitch for example?
No oversight over transactions, multiple $20-100 donationas to multiple twitch streamers would easily launder thausands of dollars per day. I mean can't you read this article regarding Fortnite money laundering? Why not do the same scheme on Twitch and other micro-transaction platforms?
 

INSTG8R

My Custom Title
Joined
Nov 26, 2004
Messages
5,659 (1.03/day)
Location
Canuck in Norway
System Name Hellbox 3.0(same case new guts)
Processor i7 4790K 4.6
Motherboard Asus Z97 Sabertooth Mark 1
Cooling TT Kandalf L.C.S.(Water/Air)AC Cuplex Kryos CPU Block/Noctua
Memory 2x8GB Corsair Vengance Pro 2400
Video Card(s) Sapphire Nitro+ Vega 64
Storage WD Caviar Black SATA 3 1TB x2 RAID 0 2xSamsung 850 Evo 500GB RAID 0 1TB WD Blue
Display(s) Samsung CGH70 27” 1440 144hz Freesync 2 HDR
Case TT Kandalf L.C.S.
Audio Device(s) Soundblaster ZX/Logitech Z906 5.1
Power Supply Seasonic X-1050W 80+ Gold
Mouse G502 Proteus Spectrum
Keyboard G19s
Software Win 10 Pro x64
Actually the only reason I have an Epic Account is because some nice Russian Fellow tried to spoof my email to create I’ll assume a Fortnite acccount so I happily just took it over so while I’m definitely not a fan of the Epic Launcher it did make getting the freebie games they’ve been offering.
 
Top