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tantalor 4 hours ago

There's a lot of assertion here and the other article that this fraud and abuse but is there any evidence of that?

A simpler explanation is that that this is just a resale market.

mlenhard 3 hours ago | parent | next [-]

From talking with some of the companies experiencing this, I can confirm that a portion of it is actual credit card fraud. Tokens have become a pseudo-currency, making them a prime target for abuse.

Some of the abuse is more benign, but there is also real fraud through chargebacks, account takeovers, and stolen credit cards.

thunderfork 2 hours ago | parent | prev [-]

Any situation where you can extract a benefit from a stolen credit card and then sell that benefit before the chargeback renders it moot will have some fraud-based usage.