EBANK, leading bank for online spaceship enthusiasts, is scammed out of billions (of ISK)
I haven’t been in EVE for a while, but this just turned up - EBANK scammed. It’s really a big coup - a character called Ricdic managed to scam 200 billion ISK out of EBANK - which represents 8.6% of their 2.3 trillion ISK deposit. Based on my possibly broken back-of-the-envelope calcuations, I estimate that 1 USD = 20,005,715.91 EVE Online ISK. Given this, Ricdic managed to scam 9,997 USD from EBANK’s 114,967 USD deposit. That’s a lot. Of course, he didn’t wander off with 10,000 USD. CCP have shut his account down. What’s most amazing about EBANK is that savers were getting 1.5% returns on current accounts, 3% returns on savings accounts each month. They keep credit ratings on characters, and provide loans with 7-15% interest rates. They are competing with Dynasty Banking (or DBANK for short). DBANK provide 2% interest on standard accounts, 3% on limited access savings account and also provide ‘CD’ accounts, like bonds, with up to 16% return over four months.
I’m really impressed that this kind of business is actually possible. EVE banking seems to provide a return that’s as good as my savings account does. Obviously, there are trust and accountability problems - and it’ll be interesting to see how the EVE community reacts to this scam. Some have responded by calling for CCP to set up a CONCORD bank - CONCORD being the in-game police - which could act either as a direct bank for players or, more interestingly, as a central bank like the Bank of England or the Federal Reserve Bank. All of which is quite interesting, and certainly beats the living shit out of
