Fortnite Has Been A Fertile Breeding Ground For Money Laundry And Illegal Scams Lately

Reportedly, There is a new method of laundering money on the dark web: Using V-bucks, the in-game currency of the massively popular game Fortnite: Battle Royale, as a perfectly plausible front. 

According to an investigation by The Independent and research by Cybersecurity firm Sixgill, there are large amounts of discounted V-bucks being traded on a daily basis in black markets on the dark web.

The dark web specifically refers to a collection of websites that only exist on the encrypted network and cannot be found by traditional search engines or visited by using traditional browsers. 

The dark web forms a small part of the deep web. The reason that the type of web tagged as dark is most of the contents those websites features are negative, poisoned, illegal and possibly endangered to the lives and assets of certain citizens and viewers in the real world. 

Unfortunately, there is some evidence on social media platforms, such as Instagram and Twitter, showing that the money laundering business has transmitted to the open web, albeit on a smaller scale. 

The investigation exposed that V-bucks in large quantities from the official Fortnite store was purchased by stolen credit cards. The cybercriminals are then able to "clean" the money by selling the V-bucks a discounted rate to players.

Benjamin Preminger, a senior intelligence analyst at Sixgill, told the Independent that Criminals has been executing card fraud and get money in and out of Fortnite system with relative impunity. 

Preminger also indicated that cybercriminals have been fully exploiting the ineffective security measures employed by Fortnite developer Epic Games because "the company doesn't seem to care about players defrauding the system and purchasing discounted V-bucks."

Epic Games raked in $3 billion in profit last year, largely on account of Fortnite's overwhelming success. However, there is no way to track down the exact figures of profits that cybercriminals have made for exploiting the game. A lot of cunning outlaws might cream off big profits and grew fat on laundering secretively, at a guess.

This was not the first instance that Fortnite has been maliciously used for illegal business. A separate study by IT security firm Zerofox found 53 thousand cases of online scams involving the game.

“While completely stopping such criminal activity is extremely difficult, several steps could be taken to mitigate the phenomenon, including monitoring the transfer of high-value goods in the game, identifying players with large stockpiles of V-bucks, and sharing data with relevant law enforcement agencies,” said Preminger.

However, the security expert believes that Epic Games is not doing enough to prevent illegal activity done through its game, which is further necessitated by the fact it is so popular.

“Epic Games doesn’t seem to clamp down in any serious way on criminal activity surrounding Fortnite, money laundering or otherwise,” Preminger added.

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