GGTalks
  • About Us
  • Advertise
  • Blog
  • Career
  • Contact
  • Contact
  • Home
  • Privacy Policy
  • Team
Facebook Twitter Instagram
Facebook Twitter Instagram
GGTalks
Discord
  • News
  • Reviews
  • Lists
  • Guides
  • Explainer
  • Opinion
  • PC
  • Mobile
  • Console
  • Cloud
  • Esports
GGTalks
Home > Istanbul Officials Arresting People Accused of Twitch Money Laundering Fraud
Common

Istanbul Officials Arresting People Accused of Twitch Money Laundering Fraud

Rishabh ShandilyaBy Rishabh ShandilyaMay 18, 2022
Share
Facebook Twitter LinkedIn Pinterest Email

Twitch, the renowned live-streaming platform, has recently been experiencing some difficulties. In virtue of being among the planet’s most popular video-streaming services, Amazon-owned service has been the subject of numerous controversies, including charges of hypocritical norms and treatment of fraud. Streamers on Twitch were recently implicated in a money-laundering operation, which only compounds Twitch’s already mounting woes.

The development of streaming services has been decreasing since last year, but Twitch has witnessed a considerable decrease in consecutive months. The site’s treatment of a variety of problems, including remuneration and how it handles broadcasters, is a major factor in this. It got to the point that large Twitch layoffs began in late 2021, causing the business to make significant modifications in its revenue strategy, among other things. Twitch’s cash washing fraud is now in the limelight after a federal search on a Twitch money-laundering operation.

The Cops Have Rounded up 18 Suspects

During a flurry of searches on May 17, Istanbul cop’s cybersecurity teams rounded up 18 people suspected of being involved in a Twitch-based cash laundering conspiracy in Turkey. Twitch’s digital coinage, known as “bits,” is allegedly utilized by the perpetrators to promote high-follower Twitch streams using hijacked credit and debit cards. The presenters would then give the money back to the accused when it was delivered.

Have You Read: Jurassic World Evolution 2 and More Are Getting Added to Xbox Game Pass

Twitch’s whole code written, which contained broadcaster compensation data, was leaked publicly in 2021, revealing the first facts of this fraud. Many casters were making a lot more money than they should have been based on the number of people watching them, as disclosed by the data breach. As a result, customers have been urging Amazon to take more steps to guard against this sort of theft. More than $9.8 million in dirty cash has allegedly been seized by Twitch as a result of 150 broadcasters misusing its advertising capabilities.

Officials in Turkey have undertaken scam-related actions before. Forty people from eleven different regions were taken into custody by Turkish officials as part of an investigation into the incident. The latest series of searches bring the overall number of detainees to 58, with one person still being sought by the authorities. In the midst of a slew of other difficulties on Twitch, it’s unclear how the Livestream network will react to this.

Twitch
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Rishabh Shandilya

I’m the guy you see dancing in the rain in the middle of the night. Pursuing my bachelor’s in literature, I love to read and write and I’m somewhat of a decent storyteller. A die-hard fan of Miyazaki and Murakami and my go-to quote is “The past is a foreign country, we do things differently there”.

Related Posts

Dead Space Remake Might be Adding a New Game Plus Mode

January 30, 2023

Twitch Streamer Classify Suspended in The Middle of The Stream

January 27, 2023

Twitch Streamer Adin Ross Is Considering a Prison Trip to See Andrew Tate

January 20, 2023

Jenna Ortega Allegedly Blocked Streamer Adin Ross on Twitter

January 17, 2023

Adin Ross’s Twitch Account Has Been Suspended

January 14, 2023

Adin Ross is Keen to Enter the Ring

January 10, 2023

xQc Denies That He Was Ever Married With Fellow Streamer Adept

January 10, 2023

Twitch Streamer xQc Looses $500K During FIFA World Cup Match

December 21, 2022

Twitch Brings In New Features For Serious Streamers

December 8, 2022
Add A Comment

Leave A Reply Cancel Reply

Topics
Action-RPG Activision Activision Blizzard Apex Legends Bethesda Blizzard Entertainment Call of Duty Capcom CD Projekt RED Cyberpunk 2077 Dying Light 2 EA Elden Ring Epic Games Fortnite FromSoftware God of War God of War Ragnarök Halo Infinite Hideo Kojima Horizon Forbidden West Lost Ark Microsoft MMORPG Modern Warfare 2 Nintendo Nintendo Switch Overwatch 2 PC Gaming PlayStation PlayStation 5 PlayStation Plus Rockstar Games sega Sony Square Enix Steam Steam Deck Techland Twitch Ubisoft Valorant Valve Xbox Xbox Game Pass
GGTalks
Facebook Twitter Instagram Pinterest YouTube LinkedIn Discord
  • About
  • Team
  • Contact
  • Privacy
© 2023 GGTalks.

Type above and press Enter to search. Press Esc to cancel.