Microsoft loses $1.2M to Xbox Live exploiters

It seems that today was the hackers’ day, since this is the 4th news that I got about them. Well, after all, today it really is “The hackers’ day”, since the annual Pwn2Own 2011 Contest took place and so many exploits have been revealed.


But this news is somehow different, since “the bad guys” loose. Recently, Microsoft succeeded in closing a web site, because it caused some important Xbox Live revenue looses, while it was running.


The hackers that operated this web site figured somehow the algorithm that could be used for generating Microsoft Points but also codes for free 48-hour Xbox Live Gold membership trials and Halo: Reach avatar props. Because of this, Microsoft has an important loss of 1.2 million dollars, or, at least, this is what rumors are saying. A spokesperson of Microsoft said that 1.2 million dollars being reported earlier is much lower. He said it’s “nowhere near” that amount but they did not say anything about an actual amount.


Those who have accounts on this site don’t have any reason to worry. Microsoft didn’t announce yet what they can do to those who took advantage and purchased some points. But, between us, it doesn’t seem like there is much they can do other than just bite the bullet on this one.


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