I just discovered from talking to a support associate for ACS, after checking on my dreamland account, that the currency converter for PED to linden has been shut down on a temporary basis while a security issue is addressed. Someone moved a lot of money through their currency conversion utility The alleged laundering occurred approximately the same day as the massive SL bank heists. Although DSE was not subject to the same exploits as I've seen at many institutions, it brings to light another problem.
Banks and exchanges with currency conversion utilities; whether it be one game currency to another or game currency to dollar, face many more complications and should be dealt with carefully. If the institutions in question are not properly formatted for use there is a possibility of exploitation for illegal means that could render the institution itself liable. This would have the potential of destroying that institution, so please.. be careful where you invest. I am sure Dreamland will fix this problem and be back up and running in little time. They're all very professional and this is a problem I'm sure that was not anticipated. The support associate told me they were currently in talks with Linden Labs and Entropia in an attempt to solve the problem and nail the perps.
Saturday, November 24, 2007
Dreamland's Currency Convertor abused on day of bank heist.
Posted by Maelstrom at 7:37 PM
Labels: Market Alerts (Code Red)
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