🏠 » Counter-Strike » CSGO skins worth $6 million hacked, cs.money reveals compensation plans

CSGO skins worth $6 million hacked, cs.money reveals compensation plans

After being hit with a $6 million hack, cs.money is paying the price on behalf of its users.

In August of 2022, Counter-Strike: Global Offensive skin market cs.money announced that it had been hit with a hack snatching of $6 million in digital assets. After identifying the thief and recovering what it could, there is still around $2 million worth of skins unable to be recovered. How cs.money responds to this scandal will set the tone for the entire third-party CSGO market.

WIN.gg recently spoke with Timofey Sobolevsky, the chief communications officer of cs.money’s parent company EX CORP. He was able to explain some of the details behind the hack and how the company plans to compensate users for millions in stolen skins.

Interview on the cs.money hack with Timofey Sobolevsky 

It was reported that around $6 million in skins were stolen as a result of the hack. Did the hackers specifically target high-value skins or was it random?

Timofey Sobolevsky: The hacker had a good understanding of the subject. While sending inexpensive skins to public figures like streamers and traders, he tried to keep a lot of rare and very expensive items worth millions of dollars for himself. Clearly, he knew what he was doing and understood the skins market damn well.  

cs.money was able to retrieve some skins immediately following the hack, but not all. Can you estimate the total value of the skins to be compensated?

Actually, it took some time for us to find the hacker and gain control over the accounts he used to transfer stolen items. Unfortunately, some of them were already blocked, and we can’t transfer skins from them back to our customers and us. The evaluation of these skins is almost done, and the total amount to be compensated will be close to $2 million in USD.

How does cs.money plan to compensate sellers whose skins weren’t able to be recovered?

There will be two processes of compensation for the stolen items that we were not able to return. Most of the skins will be evaluated by us with the help of market research. In other words, we will analyze how much an item costs and will reimburse its owner for the same price. 

A large chunk of exceptionally rare skins will be evaluated by a group of independent traders that we invited. They will assign fair prices for these items, and we will do the reimbursement based on their valuation. While having this evaluation in mind, we will start the reallocation of our income from cs.money operations, excluding marketing, salaries, and operational costs, to compensate for all the losses of our customers.

Unique skins like souvenir Dragon Lores and Dopplers can be notoriously difficult to price check. How is cs.money estimating the value of such items?

This is why we have invited well-known and trusted traders to help us with the evaluation of skins. With their help, we will be able to assign each item a fair price based on their knowledge of the market and algorithms they use in their business.

From early reports, skins transfers were being done over the Steam network. Did the hack involve cs.money’s accounts getting stolen?

The hacker got access to MA files of our accounts on Steam that we used to store skins. With these files, he was able to gain full access and transfer the items to his accounts.

How has the website upgraded its security since then?

Since we could find the hacker, we know exactly how he got into our system and have already closed the vulnerability. The problem was in the zero-day exploit in one of the open-source products we used in cs.money. 

In addition to that, we’ve started a long-term project aimed to review all of our operations and make them more secure and avoid things like that in the future.

Read Also
Unlocking the Wavebreaker Pack in Fortnite: A simple guide
The Wavebreaker Pack has made an exciting return to Fortnite after a ...
World of Warcraft leak: events and cosmetics for Patch 11.0.7
Fans of World of Warcraft are buzzing with anticipation as leaks from ...
Where to find Eminem and Mom’s Spaghetti in Fortnite
Fortnite players are gearing up for an exciting crossover event as Eminem, ...
Step up your style in Fortnite with new Kicks cosmetics
Fortnite is stepping up its game with the announcement of a brand-new ...
Valorant Arcane 2.0 bundle – What we know so far
With Riot Games officially teasing the Arcane 2.0 bundle, Valorant fans are ...
Latest News
The best farm-themed online slots for harvesting fun and wins
Farms are often full of cute animals and ...
N3on confirms leaks, he’s leaving Kick for Twitch
Rangesh "N3on" Mutama has officially confirmed leaks regarding ...
Everonn hits it big while streaming slots online on Kick
Everonn's recent run on online slots is an ...
Kick offered big stream deal to Adin Ross, iShowSpeed, Kai Cenat
Adin Ross revealed in a live stream that ...
One lucky spin turns into massive win for Kick streamer Albanback
Albanback has quickly become a go-to streamer for ...
Kick is overtaking Twitch in popularity for Spanish streamers
Kick has become increasingly popular among streamers for ...
The best baseball slots to swing for a grand slam jackpot
Always competitive and exciting, sports continue to be ...
Trainwreckstv finds huge win in one of the strangest slots online
Top gambling and betting streamer Tyler “Trainwreckstv” Niknam ...
Aurora vs Parivision: Esports World Cup Dota 2 betting guide
Aurora Gaming is looking to finally win a ...
Gathering the best new slots released in July 2025
Online slots are getting crazy hot this summer, ...
Editor's Picks
Who is Stevewilldoit? Net worth, girlfriend, and more
The news of Stephen "Stevewilldoit" Deleonardis, the master ...
All we know about Thea Booysen, MrBeast’s girlfriend
Jimmy "MrBeast" Donaldson is known purely for his ...
How to quickly make infinite water in Terraria
Whether you’re looking to spruce up your Hellevator ...
Best Pokemon Glazed cheat codes
Pokemon Glazed is one of the most popular ...
How to enable net graph in CS2 
Competitive players were disappointed when they discovered that ...

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town Hall
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site