A 26-year-old software engineer in Microsoft’s E-commerce department defrauded the company of more than $10 million through a software flaw he found on Microsoft’s website.
The biggest XBOX scam in history happened recently. The 26-year-old software engineer found a huge loop in Microsoft’s website and committed an old-fashioned scam. Realizing that Microsoft could print out an unlimited number of gift certificates on its site, the teen print out gift cards worth more than $10 million and used modern technology to cash them.
Realizing that Microsoft could print gift certificates from its site without limits, the young software developer sold these gift certificates to Paxful.com for cryptocurrency. The teenager, who converted Microsoft gift certificates into bitcoin, then laundered the money by converting it into sub-coins and began spending it.
Realizing the situation after a while, Microsoft officials initially thought it was a highly skilled hacker attack. Tests to confirm this were different.
The teenager, who bought yachts, private seaplanes, luxury cars and homes and linked these purchases to cryptocurrency revenues, was caught for his real-life mistakes. The shopper, who had previously used computers and business computers to print gift certificates from the Microsoft site, was caught thanks to old items he had ordered into his home. If the young software developer had not logged into the system from these computers many times, he would not have been caught at all thanks to the Microsoft gift certificates he stole and the money laundering scheme through this system.