EVE Online suffers from massive bank fraud event
Though this actually occurred back in June, information is only just beginning to become public about the extent of the massive bank fraud perpetrated on the largest bank within EVE Online, EBank. Apparently one gamer, Ricdic, who was the bank’s CEO, decided that he needed a down payment on a house in this world (as well as some cash for medical bills), so embezzled about 200 billion ISK (EVE Online in-game currency), and exchanged it for about $5000 in real-world cash.
Now, interestingly enough, the embezzlement isn’t the real problem…even though when the news broke in the game it caused a huge run on the bank and a major crippling in trust in the bank with the bank’s members. No, the real problem was that he exchanged the ISK for cash. This is actually a violation of the game’s EULA. Ricdic, who’s real-world name is currently unknown, has been booted from the game as a result.
EVE Online is a MMOG pitching giant corporations against each other, so I suppose it’s no big surprise to see something like this happen. There’s a fascinating write-up in Massive regarding the impact this has had in-game, and how the players are reacting to it. You can also see how bank executives are dealing with this in the game’s forums.








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