Counter-Strike loot box key reselling banned to prevent money laundering

Counter-Strike loot box key reselling banned to prevent money laundering

Loot boxes leading to evil stuff? Can't be!

Counter-Strike: Global Offensive (CSGO) apparently attracted the attention of real-life criminals. This has led Valve to ban resales of container keys.

Recommended Videos

Counter-Strike: Global Offensive players will no longer be able to purchase keys in-game and then trade them via Steam Community market. Keys bought before October 28 won’t be affected. Any new purchases will not be able to leave the account of the person who bought the key, either through trading between players or Steam Community Market.

Slide Arms

Here’ what Valve had to say on the subject:

Why make this change? In the past, most key trades we observed were between legitimate customers. However, worldwide fraud networks have recently shifted to using CS:GO keys to liquidate their gains. At this point, nearly all key purchases that end up being traded or sold on the marketplace are believed to be fraud-sourced. As a result we have decided that newly purchased keys will not be tradeable or marketable.

What’s your skin in the game?

Fans of CSGO speculate that container keys were useful for money laundering operations. They had a stable price around the world over, serving as a great exchange currency. The keys are bought in Counter-Strike: Global Offensive to unlock matching containers, which are essentially loot crates that can drop after VAT-secured matches. The crates disgorge skins and valuable stat-tracker weapons.

This will negatively impact traders, as keys were a currency used in stuff like skin sales. Though the older CSGO keys still remain in circulation, their number will diminish over time. This will make scammers and fraudsters start to go looking for a new in-game item to use in their shady businesses. The current speculation is that people will shift to using Dota 2 Arcanas or even Team Fortress 2 keys.

Usually, when it comes to keys in games, it’s the people reselling game keys that are involved in shady business and fraud. However, Counter-Strike: Global Offensive key-based money laundering takes it to the next level, beyond rumors of criminals using Xbox VOIP to communicate.


PC Invasion is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article PSA: You can skip the Argenti boss battle in Honkai Star Rail version 2.2 to earn a secret achievement
Honkai Star Rail Argenti
Read Article Is Little Kitty Big City on PS5, Xbox, Switch, and Game Pass? All platforms, explained
Is Little Kitty Big City On Ps5 Xbox Switch And Game Pass
Read Article PSA: Old Destiny 2 expansions and seasons are free-to-play until The Final Shape drops, but the best parts are still gatekept
Old Destiny 2 Expansions Are Free To Play Until Tfs Drops But Best Parts Gatekept Featured Image
Related Content
Read Article PSA: You can skip the Argenti boss battle in Honkai Star Rail version 2.2 to earn a secret achievement
Honkai Star Rail Argenti
Read Article Is Little Kitty Big City on PS5, Xbox, Switch, and Game Pass? All platforms, explained
Is Little Kitty Big City On Ps5 Xbox Switch And Game Pass
Read Article PSA: Old Destiny 2 expansions and seasons are free-to-play until The Final Shape drops, but the best parts are still gatekept
Old Destiny 2 Expansions Are Free To Play Until Tfs Drops But Best Parts Gatekept Featured Image
Author
Martynas Klimas
Always chasing that full-time-game-reviewer fairy. Perennially grumpy about Warhammer 40,000. Big fan of RTS, RPG, and FPS games. Has written for other sites. The only Lithuanian you know.