Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent, Epic Games isn’t the only entity getting rich off Fortnite. V-Bucks, the game’s official in-game currency, are increasingly being used as a tool for money laundering on the dark web.

According to researchers, hackers are using stolen credit cards to purchase V-Bucks. From there, the purchased V-Bucks are resold at a discount rate to players, as a means of “cleaning up” the currency. Cyber-security firm Sixgill first discovered these activities. The company’s agents reportedly uncovered
the operations by pretending to be potential customers and engaging in transactions with some of the criminals.

Benjamin Preminger, a Senior Intelligence Analyst at Sixgill, said: Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity.

It is unclear how much money the scammers have been able to make from these operations. However, Sixgill also noted that the amount of money flowing around Fortnite had seen exponential increases as the game continues to grow in popularity.

Reference: https://www.ccn.com/forget-bitcoin-why-criminals-are-using-fortnite-to-launder-illicit-funds/

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