Microsoft Lost $10 Million Worth Of Xbox Gift Cards In An Online Scheme

In an age of cryptocurrencies and digital banking, gift cards may seem like a relic of the past due to their inflexible nature and many of them having expiration dates. But that didn’t matter for one very cunning thief, who funded a lavish lifestyle with Xbox gift cards using a loophole in Microsoft’s online storeVenir de Tragamonedas Gratis Online. A Bloomberg report detailed how engineer Volodymyr Kvashuk managed to steal over $10 million from Microsoft before he was eventually busted.Venir de Tragamonedas Gratis Online

It was the perfect crime: As an employee of Microsoft who was tasked with simulating purchases on the company’s digital store, Kvashuk discovered that whenever he tested purchases of gift cards he would receive real codes. Kvashuk started small, generating Xbox cards in increments from $10 to $100 while working his day job of preventing the online store from shipping fake purchases of physical goods. Recruiting a few co-workers to help him in his scheme and using multiple profiles while routing his internet traffic through servers in Japan and Russia, Kvashuk would generate thousands of dollars’ worth of gift cards and then sell them online for up to 55% off their regular price.

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