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August 24th, 2006, 13:05 GMT · By Tudor Stefanescu

Eve Online Economy Suffers 700 billion ISK Scam

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The Eve Online sci-fi MMORPG is well known for its heavy, in-game, financial dynamics that can provide players with virtually unlimited opportunities, along with ways to get money out of the game. Eve Online's economy received a devastating blow when news of a 700 billion ISK scam was received via the official forum. In early 2006 player Cally starts the Eve Investment Bank. As time passes the concept gains more followers and a large amount of the game's currency in the process. In the mean time, a lot of drama goes on, as others think EIB is a scam. Cally's owner decides it's been long enough and cleans out the bank, netting around 700 billion ISK and another 100 in assets. But that's not all. In an attempt to cover it up, he also spreads rumors concerning his real
life death, complicating the matter even more.

User Dentara Rast, the one responsible for it all posted on the EvE forum: "The only person involved was me. 1 Person. And that one character I used was Cally. Not one person who supported the EIB, worked for the EIB, or was involved in anyway with the EIB was aware of my intentions. I fooled everyone. I win EVE." He also added: "Think of me as a space Robin Hood - steals from the rich and gives to himself - with my merry band of alts."

Although he kept the ISK, Dentara shed some light on the whole affair. It seems more than 500 billion came from large investors and not from the EIB. Further more, he claims the bank still owns enough assets to allow directors to liquidate and reimburse all parties involved: current savings, high interest savings, and small corporate accounts. As he puts it: "Its only the fat cats that are gonna suffer here. "

One could use the ISK to buy up 5833 30-day game time codes (GTC) for 120 million each. The official going rate is $14 in real-life money as GTCs are a very good way to pay for the EvE Online services. Since there are better ways to use that kind of currency, it all sums up to over $100000, an incredible amount of cash considering they actually are all covered for, in-game. Such a huge amount of ISK is now residing in his wallet, which is enough to build more than 3 titans. Although this type of ship was implemented quite some time ago, it's so powerful and incredibly demanding that no-one ever managed to build it yet.

However, the inventive players of EvE are not on their first attempt to multiply the hard earned ISK. Dentara's most vocal opponent was himself responsible for a 30 billion ISK scam, which was believed to be the largest at the time. At least another lottery service is gaining popularity within the EvE universe so there's bound to be some follow-ups. Players have difficulty deciding if the idea should be embraced as a great opportunity or mercilessly dispatched as an affront to what EvE should be: a fictional world, with as little connections to reality as possible.


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READER COMMENTS:


Comment #1 by: Siyut Tannin on 19 May 2009, 11:24 UTC reply to this comment

Amazing. Just from hearing about this sort of mess makes EVE more appealing to play.


Comment #2 by: Mike on 11 Jun 2009, 15:16 UTC reply to this comment

I agree with Siyut. As devastated as I would be if this had happened to me, the fact that it can happen indicates and amazingly deep and rich user experience. I'm tempted to download the trial after seeing this.


Comment #3 by: anon on 19 Nov 2010, 04:32 UTC reply to this comment

Dont download it its boring as hell. Accountants in space


Comment #4 by: gould on 25 Nov 2010, 02:26 UTC reply to this comment

eve online is a scam in itself. it takes forever to train anything and you spend all your time losing isk and trying to get it back. who wins? CCP because you keep buying game time ...

Comment #4.1 by: anon on 30 Nov 2010, 17:58 GMT

If you spend all your time losing ISK .. then you're doing it wrong. It's not a scam if you're just a poor player, sorry.

The fact that CCP allow a game to be completely free (you can easily make 380mil a month to pay for gametime) and basically leave it up to the players to determine what game time is worth on the market (demand affects price, etc) suggests an integrity of design WAY above a scam.

I'm a few weeks into Eve - and loving the potential. There is almost nothing you can't do .. except all things at once :)


Comment #5 by: TorPedo on 28 Jul 2011, 11:45 UTC reply to this comment

Too many scammers in this game without too little consequences.

People comparing EVE to real life are ridiculous. Wake up people, that's just a game. Comments of Cally like "I fooled everyone. I win Eve" make me lol. It's so easy to rob other people's money.


Comment #6 by: ObliviousXxX412 on 02 Aug 2011, 09:28 UTC reply to this comment

This guy, Cally, my god...

I am seriously impressed by his work. I mean, in a world where a good chuck of the population is devoted to actually hacking and abusing game mechanics to literally learn the entire source code of EVE, got hoodwinked into the worlds biggest MMORPG scam. Cally even had his own employees and investors, something that requires orginization that the internet NEVER provides.

I. AM. SO. AMAZED. :D


Comment #7 by: JDBJ on 08 Sep 2011, 20:18 UTC reply to this comment

Before you decide to buy and then pay for this game on a monthly basis, "please" read all of the blogs that you can get your hands on about the game and then decide if you still want to play it. Its not what it seems! This game invented the word "Drama"! And I can't be more serious than that in describing this intriguing yet suffocating game.

Tridentus Maximus - Retired Caldari capsuleer - 1 year experience.

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