| ▲ | 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. | ||