Twitch Money Laundering - $9+ million thought to be laundered
www.esports.net
A recent twitch money laundering scandal has hit the platform, this is what's happened and what you need to know about the platform.

Purchasing bits on stolen accounts with stolen CCs, then getting it refunded to a real account. 😎

  • silent_water [she/her]
    ·
    3 years ago

    why are they calling it money laundering? that usually implies the washing of dirty money into clean money. this is just theft from twitch and it's absolutely hilarious that it took a leak for them to realize this was happening.

    • cawsby [he/him]
      ·
      3 years ago

      Techbro company makes record profits by not hiring the amount of lawyers and financial guys an actual company needs to detect fraud like this and instead bets the farm on a mix of off the shelf and homebrew anti money laundering (AML) software.

      Geniuses.

    • D61 [any]
      ·
      3 years ago

      Yeah, the article describes credit card fraud more than laundering.