CS:GO ban wave results in £1.5 million worth of in-game items being made worthless
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around 40 CS:GO Trader accounts have been banned by Valve, which has essentially removed £1.5 million worth of in-game items entirely.
As reported by desertedLast month, gambling site CSGOEmpire shared a document containing a list of CS:GO merchants that it claimed were illegally laundering millions of dollars worth of cryptocurrency through rival site CSGORoll. Now all but one of the merchants listed in the document have been banned, which means that around £1.5 million worth of in-game skins will no longer be available for purchase, which could mean they will be removed from the in-game economy for always.
The owner of CSGORoll denied all the allegations in a lengthy Twitter post, writing: “I own a gamified skin trading platform, by law this is not classed as a casino in our largest markets because we don’t offer cashouts. Contracted skin vendors can’t play on the platform so we can legally pay them with crypto for their skins to make sure we always have a liquid market This was all verified by lawyers years ago, and we keep up to date on regulations modern Forever make sure we comply with the law.
Steam has banned all CSGORoll vendor accounts mentioned in this document.
Using illegal and unlicensed websites that engage in money laundering carries risks. We tried to warn about this months ago.
But today is a new dawn. Here is fair and safe trade. ✌️ https://t.co/tZoZOC7P3v
—Warren (@variancewarren) June 28, 2023
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Valve hasn’t shared an official comment on the matter, though it obviously sounds like the bans and accusations could be related. as pointed out Jake Lucky on Twitterseveral players are now selling their in-game assets, obviously in a panicked response to concerns that they might be banned as well.
It’s unclear how Valve will move forward with the situation, but we know it won’t be the last we hear about the series this summer. Counter-Strike 2 was revealed earlier this year and will be fully released this summer, though a formal release date has yet to be confirmed.
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