The chairman of the virtual bank in EVE Online, a space-trading/piracy game, absconded with billions of virtual credits, swapping them for $5,000 in cash to make a house payment. The embezzlement caused a run on the bank and has rocked the economy of EVE.
The run on the bank has come to about 600 billion ISK, which has been withdrawn. However, we have a very big group of excellent supporters, who have deposited about 105 billion ISK sitting in Sweep to keep us liquid. We are extremely grateful for this. Currently the run seems to be mostly over with only a slightly higher withdrawal rate still, than deposit rate. That's to be expected, and in-line with EBANK's strategy to shrink to a more managable level.
Billions stolen in online robbery
EBANK has always been extremely sound, due to our massive reserves. Our checks and balances have proven themselves to work as a mitigation device and by having the reserves spread out over several directors, the embezzlement was kept to a minimum. However, the run on the bank had the potential to do great damage to EBANK as people frantically made withdrawals to ensure they would not be caught if the bank ran short.
We have also had several offers from very large entities, regarding big loans, should we need to cover any insolvency. Frankly, this has yet to be needed. But we are grateful for the support.
New perspective on EVE Online's latest bank embezzlement
Nintendo’s Switch is a touchscreen tablet with removable physical controls that turn it into a traditional handheld game console. It comes with a chunky dock to hook it up to a TV set for high-definition couch action; also announced is a traditional wireless gamepad to match the squared-off dark gray design: it’s what disassembles to […]
The developers behind the hotly anticipated Shadow Warrior 2 have gone on record explaining why they didn’t add DRM to their new title: they themselves hate DRM, and understand that DRM disproportionately inconveniences legit customers, not pirates who play cracked versions without DRM.
Modal VR, the new stealth startup co-founded by Atari and Chuck E. Cheese creator, has opened the doors a crack. According to Bushnell, their portable VR system is built for business applications (even though the demo video shows, you guessed it, a game). “We want to help enterprises solve problems by looking at them from […]
Nothing is more frustrating than needing to edit or sign a PDF and not having access to the original document. That’s why PDFpenPRO is a must-have app in our books.With this extremely useful app, you can merge, markup, and create PDF documents without ever having to convert your PDFs into word processor file formats. Type directly onto […]
From self-driving cars to stock market predicting software to the recommendations you get on Amazon and Netflix, machine learning is at the core of modern technology. You could find yourself building technology that is literally changing the world with the skills you’ll learn in The Complete Machine Learning Bundle. This bundle of 10 courses includes 406 lessons that will teach […]
This Python Mega Course will help you learn to code by teaching you to build 10 real-world apps that each highlight a unique use of Python.Job prospects for coders are still growing steadily—and with Python being one of the most popular coding languages out there today, it’s important for job seekers to demonstrate a widespread understanding of the […]