Bank insider steals 200 billion - a director in EBank in Eve Online has stolen 200 billion ISK (approximately 10% of deposits), engaging in real money trading to fence his loot. Equivalent to ~US$12,000, the theft has left Ebank with concerns over liquidity, security, auditor failure, and a run on the bank by investors. Unlike the real world, there is no government bail-out.
posted by Argyle on Jun 15, 2009 - 93 comments

As virtual worlds economic activity and populations grow, the importance of Real Money Trade comes to the fore. When does fraud inside game worlds become illegal? when do earnings from online worlds become taxable? [discussion], and what happens when real day traders get interested? [more inside]
posted by MetaMonkey on Oct 21, 2006 - 25 comments