40 streamers arrested in Twitch money laundering scam – WIN.gg

Olivia Richman • January 5, 12:09 A major money-laundering scam had some content creators making millions of dollars on Twitch by abusing the streaming platform’s monetization systems. 40 people involved in the scam have now been arrested. In November 2021, Twitch confirmed that the company was taking action against 150 streamers who had stolen over $10 million in laundered funds. The streamers, most of whom were based out of Turkey, were using fraudulent credit card transactions on Twitch. After Twitch had a massive data breach revealing the income of every streamer on the platform, Middle East Eye reported that streamers with around 50 viewers or less were somehow making thousands of dollars in the form of Bits. According to the report, the streamers would steal credit cards and then donate money to other streamers using Bits. These streamers would then refund about 80% of the money back into the hackers’ bank accounts. Twitch was quick to assure the public that it would be taking action in the future. That action seems to have been taken now. Twitch money laundering scheme leads to 40 arrests Following the confirmation that Twitch was dealing with a money laundering scheme, 40 streamers have been…
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