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Virtual Bank Woes

bobmorning writes "EVE Online's largest player-controlled virtual bank, Ebank, just can't seem to catch a break these days. A few months after it was revealed that the company had been defrauded of a staggering amount of virtual cash, it turns out that the institution's digital vaults are far more barren than many realized, leading to an in-game freezing of accounts for any individual or organization that happened to have invested any InterStellar Kredits (ISK) with the bank. Early this summer, it came to light that a veteran EVE player (known only as 'Ricdic') had embezzled — and then sold in the real world — over 200 billion ISK from Ebank, causing a run on the virtual financial institution. However, this was just the beginning of the problems for the player-owned bank. Recently-installed Ebank Chairman Ray McCormack admitted that the bank had been mismanaged, and rules, safeguards, and controls were not enforced. As a result, it's been revealed that Ebank is 380 billion ISK poorer thanks to a number of defaulted loans. Because of the aforementioned mismanagement, it apparently took the bank's new officers a while to figure out just how far in the red their institution is."

2 of 127 comments (clear)

  1. 13 posts in, let me be the first to say by Anonymous Coward · · Score: 0, Troll

    Who gives a fuck. Something is happening in a video game. "News for nerds, stuff that matters?" Take it to the game's forums. Will you guys run a story every time I get a new epic from Ulduar?

  2. Slow news day by Legion303 · · Score: 0, Troll

    For fuck's sake, I don't get a front page story every time I run over a whore in GTA (headline: "Funeral Today for Victim of Brutal Virtual Hit and Run"), so why do Second Life and Eve get stories every time something virtual happens?