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Over $2 Million Worth of In-Game Items Have Been Lost After a Ban Wave in CS:GO

Most of the banned accounts were reportedly part of a cryptocurrency laundering scheme

By Inspiring YouTuber and GamerPublished 10 months ago 5 min read
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Image by Alexandru Turcan from Pixabay

So, in my previous stories, I've talked about a bunch of FPS games. You can find the links to those at the end of this post. But today, I want to chat about CS:GO and the crazy stuff that went down with the in-game items during a ban wave. It's going to be wild, so stick around!

Why is the CS:GO trading scene so popular?

Let's talk about the CS:GO trading scene. It's like a whole different game within the game, and let me tell you, it's crazy popular. People are going nuts over it, and there's good reason for it too.

First off, let's talk about the money. The CS:GO trading scene can be a goldmine if you know what you're doing. You see, in CS:GO, you can collect all sorts of cool skins for your weapons. And some of these skins, man, they're worth a pretty penny. Like, we're talking hundreds, even thousands of bucks for a single skin. It's insane!

So, here's how it works. You start off by getting some skins, either by playing the game, buying them from other players, or buying keys in order to open crates. And then, you go into the trading scene, where you can swap, sell, or buy skins with other players. It's like a virtual flea market, but with some serious dough involved.

The thing is, some skins are super rare and have limited availability. These bad boys are like the holy grail of CS:GO skins, and collectors and traders go crazy for 'em. Just imagine, man, having a rare skin that only a handful of people in the whole damn game own. That's some serious status right there.

Now, let's get to the money part. When you have these rare skins, you can sell them on different platforms, like the Steam Marketplace or third-party websites. And trust me, when I say people are willing to shell out big bucks for them, I mean BIG bucks. Some dudes are even making a full-time living off this stuff. It's like they've turned CS:GO into a freaking stock market.

But it's not just about selling. Trading is a whole strategy game in itself. You gotta know the market trends, stay updated on new releases, and be a slick negotiator. It's like playing poker, but with pixels. You can trade up your low-value skins for higher-value ones, and if you play your cards right, you can make some serious profit.

And the best part? It's not just about the money. CS:GO trading has its own community, with forums, Discord servers, and dedicated traders. It's like a whole subculture, and people love being a part of it. It's all about flexing your collection, showing off your rare skins, and making connections with fellow traders.

$2 million worth of skins lost?

Valve just dropped the ban hammer on about 40 CS:GO accounts, and things are getting messy. It turns out that these unlucky folks were involved in some serious trading shenanigans, resulting in the loss of over $2 million worth of in-game items. Ouch!

Now, here's the deal: if your account gets slapped with a community ban, you can kiss your trading dreams goodbye. Sayonara to your precious CS:GO skins, stickers, gloves, knives, and all that jazz.

They're stuck in limbo, never to be traded again. And guess what? Other traders are taking this as a clear warning sign and scrambling to sell off everything they've got.

But here's where things get interesting. Back in June, CSGOEmpire, a gambling site, dropped a bombshell by releasing a spreadsheet outing some CS:GO traders. They claimed these traders were involved in a sneaky scheme to launder cryptocurrency through CSGORoll, a rival gambling site.

According to the folks at Dexerto, nearly all the accounts listed in that juicy document are among the ones hit by this recent ban wave. Some people are speculating that Valve deliberately targeted these accounts, but we can't say for sure.

Now, CSGOEmpire is pumping their fists and shouting, "Victory!" They're convinced this whole situation proves they crushed their rival. They even accused CSGORoll of illegally laundering a staggering $12.7 million in crypto within the past month alone.

On top of that, they claimed CSGORoll tried some good ol' blackmail to keep their dirty laundry under wraps. Talk about drama!

Of course, CSGORoll's owner wasn't about to take these accusations lying down. He took to Twitter to defend his site, denying any involvement in money laundering and boldly stating that CSGORoll is not a gambling platform.

According to him, it's a gamified skins trading platform that doesn't offer cash withdrawals. Legally speaking, he argues, it's not classified as a casino in their biggest markets. Well, that's quite the twist!

In any case, let's not forget about Steam's rules. They're pretty strict when it comes to online conduct. If you're caught engaging in "commercial activity" on the platform, you're in hot water.

That includes running contests, gambling, selling Steam accounts, and peddling content, gift cards, or other items. So, kids, play nice and keep it clean!

Final Words

So there you have it, the lowdown on the latest CS:GO trading chaos. It's a wild ride out there, folks, so buckle up and keep your skins safe!

If you enjoy my posts and would like to stay updated on the latest gaming-related news, technology advancements, design trends, and social media insights, I invite you to follow my profile.

I will continue to share my thoughts and insights on a wide range of topics in the world of entertainment and technology.

With that being said, thank you for reading my post, and have a good one.

Here are a few of my previous stories relating to FPS games I believe you will enjoy:

References

CSGO crackdown continues as Valve bans Steam accounts worth nearly $6 million.

CS:GO ban wave results in over $2 million worth of skins and other items being lost.

About Me

I write articles in my field covering gaming, film-making, social media, and design. I am also a YouTuber. Thank you for subscribing to my account to get notifications when I post on Medium. I also created a new website to share my content for free and promote stories of writers contributing to my publications on Medium. I also have a Substack newsletter. Let’s connect on Twitter and LinkedIn.

I own two publications on Medium. One for video gamers and another for YouTubers and Podcasters. I also support Illumination Integrated Publications as a volunteer editor and participate in collaborative activities in the Slack Workspace. Writer applications for my publications can be sent via this weblink. Please add your Medium ID.

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About the Creator

Inspiring YouTuber and Gamer

I specialise in Media, Design, and Filmmaking. I support Illumination Integrated Publications on Medium as an editor and YouTube coordinator. https://www.youtube.com/watch?v=F9DhuGQYbpI& I also own two publications for Gaming and Podcasts.

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