Twitch confirms action against 150 streamers amid $10m money-laundering scandal TwitchIt is alleged that a total of $9.8 million was laundered through fraudulent credit card transactions on Twitch, primarily in Turkey. Twitch says it has taken action against multiple streamers in Turkey for abuse of the platform\u2019s monetization systems. The scandal first gained attention after the infamous Twitch hacks in which the income of the site\u2019s highest earners was leaked. Following this, users noticed that streamers with a very small following were earning a lot of money every single day. According to Middle East Eye, these streamers only had around 50 viewers, but thousands of dollars were transferred in the form of Bits. It\u2019s alleged that hackers stole credit cards and then arranged with the streamers to donate money to them using Bits. The streamers would then refund 70-80% of the money back into bank accounts owned by the hackers, keeping the rest. \u26a0\ufe0f Twitch has reportedly had a massive data breach, revealing sensitive info, including earnings of top streamers. Other leaked info includes an Amazon-owned Steam competitor, source code, and passwords. pic.twitter.com\/DTYlEa3r0S \u2014 Dexerto (@Dexerto) October 6, 2021 Twitch takes action against streamers and hackers In a statement to Dexerto, Twitch said they took action against 150 streamers in September, for abuse of its monetization tools. \u201cRecently, members of the Twitch community have expressed concerns toward the legitimacy of some creators\u2019 revenues in Turkey. We want to assure our community that we do not hesitate to take decisive action against accounts engaged in prohibited conduct,\u201d a Twitch spokesperson said. \u201cWe take efforts to combat and prevent financial fraud on Twitch on a regular basis, and, in September alone, we took action against over 150 partners in Turkey for abuse of our monetization tools.\u201d Furthermore, Twitch says that it is working with anyone affected by the scam who reached out to them, and will \u201ccontinue to identify and remove any broadcasters found to have engaged in financial practices that are in violation of local laws or Twitch policies.\u201d Valorant pros involved in Twitch money-laundering As Dexerto previously reported, multiple Valorant pros benefited from the scheme, including Acend\u2019s Mehmet Ya\u011f\u0131z \u2018cNed\u2019 \u0130pek who admitted as much in a Twitch stream. While Riot Games is expected to ban those involved, cNed claims he wasn\u2019t directly involved and that the \u201cbit-dude\u201d spoke with his brother. \u201cThat guy sent me the bits, the bits transferred to me. I didn\u2019t report those bits to Twitch, I acknowledge that. I didn\u2019t report to Twitch and took the money,\u201d he revealed. We will update this story if further action is taken by the streaming site or Riot games.<\/p>\n","protected":false},"excerpt":{"rendered":"
Twitch confirms action against 150 streamers amid $10m money-laundering scandal TwitchIt is alleged that a total of $9.8 million was laundered through fraudulent credit card transactions on Twitch, primarily in Turkey. Twitch says it has taken action against multiple streamers in Turkey for abuse of the platform\u2019s monetization systems. The scandal first gained attention after […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62274","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/62274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=62274"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/62274\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=62274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=62274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=62274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}