Read exclusive reviews of this nowhere else Twitchgive scam to learn how the platform is being used to launder money.
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Did you know that Twitch was launched in 2011? Did you know that by 2020 Twitch will have a large share of revenue from subscriptions: 15 million daily viewers, more than 3 million advertisers and more than 27,000 affiliated channels?
Note. We do not endorse, ban, promote or endorse any live streaming platform. The information below is taken from various sources on the Internet and is provided for informational purposes only.
Let’s see how many listeners participated in the Twitchgive scam in the US.
Cheat Twitch Pictures:
Twitch is a live sports and music streaming platform. Twitch scams started with streamers asking for more money. Twitch currently receives 50% of subscription revenue and gives the remaining 50% to streamers. For example, if a viewer subscribes to a channel for $5 a month, the channel receives $2.50 and Twitch has $2.50.
The holes in this system were exploited by scammers who tried to launder money through Twitch. Scammers have created over 9 million Twitchgive scam channels.
Many prominent publishers have started asking for more donations, claiming that 50% of Twitch is crazy. But nothing has changed, as one Twitch user reported that the channel, which has over 5,000 subscribers, is still willing to stream 1080P videos. According to the general public, it was not profitable for Twitch to cover the costs of such a show.
The purpose of such fake channels was not to get paid subscribers. Instead, scammers used stolen cards to deliver bits to their channels. Bits are the main currency of Twitch and can be purchased for real money using credit cards and other payment methods.
How do Twitchgive scams work?
The tracks were considered revenue for the broadcasters and their channels also paid them real earnings. So the scammers who stole innocent people’s credit card information didn’t make any purchases or take the money. Instead, they paid indirectly through the Twitch platform.
A scam search revealed another scam. Broadcasters, including sports broadcasters, carry large amounts of in-game items and currencies such as jewelry and more. bought and then offered to sell to their viewers at low prices, even as part of a Twitchgive scam. Many in-game purchases were given out and donated to those who wanted in a small number of spectators.
This is another form of money laundering that is difficult to implement.
Conclusion:
These cases drew particular attention because some streamers were earning more than $1,800 a day, but had only 40-50 viewers. in 2021 In October, hackers gained access to Twitch’s payment history. After analyzing the payment methods, it is estimated that in total such fraudsters took more than 10 million. This shows that there were thousands of such scam channels on Twitch.
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