A Microsoft employee stole $10 million through Xbox gift cards

 A Microsoft employee stole $10 million through Xbox gift cards.

Image: Gift card Xbox

A weakness in Microsoft's online shop was one man's get-rich-quick plan, as a bug tester for the firm swindled away $10 million in gift cards.

Digital shop fronts were a convenient method to shop, but everything with programming has a decent percentage of problems. To address these issues, firms like as Microsoft use contractors to perform virtual transactions and report any mistakes to ensure that everything is functioning properly. However, when one of these contractors discovered a flaw involving gift cards, he exploited it for his own easy profit.

Volodymyr Kvashuk first arrived in the United States, as reported by Bloomberg, to attend the marriage of his aunt. He formerly loved how luxurious he could have in the States and remained in technology for work. Finally, in 2016, it was recruited by Microsoft for a digital shop bug-test team to purchase actual products using a phony credit card, According to Washington's Western District Prosecutors Office.

Kvashuk took the steps of tests and composing his colleagues' mistake reports until he became interested and put an Xbox gift card for a test deal to his basket. He discovered out, once done, that a valid gift card number was issued to him at the Microsoft shop, as if there had been a true transaction. This type of deadly system failure would normally have been reported and addressed, yet it remained in Kvashuk's own hands and continued to be used.

For the next two years Kvashuk would utilize the system failure to acquire bulk codes for different amounts and sell them on the crypto-currency market of Bitcoin to second-hand vendors. He was using Microsoft gift card codes on Tablet and USB drives and sought to get convicted of all charges once he'll be traced by Microsoft. Kvashuk's says he knew nothing of his plan reaching its height, arguing it wasn't unlawful as it wasn't actual money.

The former contractor of Microsoft was sentenced to 20 years in jail for trafficking and is likely to be sent to Ukraine after serving his term. Finally, after he was picked up, he scammed the Xbox gaming industry using gifting cards via his own shop and as his own worker out of around $10 million.

The federal officer's hunt for his 1,675 million dollar mansion included a list of how he wanted to utilize his next ten millions of dollars, written in his first tongue. Kvashuk will need to dream about his additional residences in jail until 2026 following a slight rise in gift card values, Bitcoin trading codes and his accountant's puzzle with money. Microsoft has also learnt from this program and has now very likely fixed the issue to prevent any more Xbox players from obtaining free cards.

H/S: Businessinsider

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