Update: Microsoft Loses Big Money to Code Exploit

on March 9, 2011 8:00 AM

Update: Microsoft Loses Big Money to Code Exploit

Update: As I presumed, Microsoft has indeed been able to track those who used these false MS points codes. It was also revealed that hackers lied about the amount of codes (worth) that was released. The exact amount wasn’t given by Microsoft but they said it was far from 1.2 million. They released the following statement below.

“We take safety and security very seriously and require that Xbox LIVE members use the service in compliance with applicable laws and specifically prohibit people from engaging in illegal activity as a part of our Terms of Use and Code of Conduct. Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox LIVE and will take the appropriate enforcement on an individual basis.”

A website, that will remain nameless, found a way to take advantage of Microsoft’s 360 MS points system. The hackers, working for the unnamed site, were able to modify an algorithm involving already used MS points codes and use them to make legit new ones. Microsoft has since then claimed “they’ve stopped the exploit”, but not before the hackers released over 120 million dollars worth of codes.

I can only speculate that Microsoft has easy access to who used and downloaded illegal content. Thus leading to the MS points being revoked and 360 wide bans. The hackers said nothing about being able to hide their console’s IP address and Gamertag. The one thing to take away from this is…Sony isn’t the only one who has to worry about hackers nowadays.

 / 
Pretty much your above average gamer who plays games profusely and appreciates them even more. Been gaming since the NES but is in love with anything PlayStation. No I am not a typical fanboy...I appreciate each system for their strengths and recognize their weaknesses. I just love the PS brand. (Think along the lines as someone who likes to read but loves one author in particular). Ever since my time as #2 in the world at Resistance 2, I have taken video games much more seriously. Don't get me wrong, I am a laid back, fun guy to game with...but I always play to win.