Fortnite Becomes Platform for Money Laundering!

The online criminals are resourceful. They are always looking for new ways of ‘cleaning’ their dirty money, quite often the dirty money comes in the form of stolen credit cards. Anything they buy online or off-line might be traced back to their address or contact number. One of their techniques is gambling at casinos since their stolen money can buy chips that they can then cash in later with a different teller, but that takes time and effort.

Recently, it has been noticed that the criminals are taking advantage of the online game industry’s method of letting players join and play for free while charging for extras such as wearable armor, weapons, and vehicles that will help them win in the game. Once a player has joined a game, they can deposit some money into their account and spend it in the game with the game’s in-game currency. There are many online games that utilize this profit model. One of the most popular online games using in-game currency is the Fortnite series. The Fortnite series has over 200m players around the world, generating annual profit of $3 billion for its maker, Epic Games.

This technique works for the money launderers because they join the game using the name on the credit card, deposit money in the game, buy a bunch of extras, then, and this is the trick, they sell those extras and the deposited money, or the whole account on the dark web using bit coins which are very difficult for law enforcement to trace.