Read from GameRant:
A group of streamers on the platform were found involved in a money-laundering scam.
On May 17, Istanbul-based police cybercrime units conducted a wave of raids, arresting 18 suspects allegedly connected to a Turkish money laundering scheme on Twitch. The suspects are accused of collaborating with Twitch streamers with a high number of followers where they would endorse the streamers with money from stolen credit and deb cards via Titwitch's virtual currency called bits. Once these are sent, the suspects would receive the cash in return from the streamers.
Details of this scam first came to light back in 2021 when Twitch's entire source code was dumped online, where it also included streamer payout details. The leak revealed that certain streamers were earning far beyond what they would typically earn compared to viewer numbers. Users had since been calling for the Amazon company to take better measures in preventing these types of frauds from happening on the platform. So far, Twitch has reportedly taken action against 150 streamers for abusing its monetization tools which have amounted to $9.8 million in laundered money.
A group of streamers on the platform were found involved in a money-laundering scam.
On May 17, Istanbul-based police cybercrime units conducted a wave of raids, arresting 18 suspects allegedly connected to a Turkish money laundering scheme on Twitch. The suspects are accused of collaborating with Twitch streamers with a high number of followers where they would endorse the streamers with money from stolen credit and deb cards via Titwitch's virtual currency called bits. Once these are sent, the suspects would receive the cash in return from the streamers.
Details of this scam first came to light back in 2021 when Twitch's entire source code was dumped online, where it also included streamer payout details. The leak revealed that certain streamers were earning far beyond what they would typically earn compared to viewer numbers. Users had since been calling for the Amazon company to take better measures in preventing these types of frauds from happening on the platform. So far, Twitch has reportedly taken action against 150 streamers for abusing its monetization tools which have amounted to $9.8 million in laundered money.
