Continuing with the hacking stories today, Xbox Live has gone through some of their own hacking. According to IGN, a group of hackers were able to create an algorithm to generate valid Microsoft codes valued at 160 points each. Users were able to take existing, used point card codes to get new ones. Other hackers even managed to generate codes for a Halo Reach Banshee avatar prop and a 48-hour Xbox Live trial. Eventually, the exploit was first discovered on the The Tech Game forums, and Microsoft has stopped the bleeding. In other words, the exploit no longer works.
Now, no one can confirm just how much money Microsoft lost in all the illegal activity, but a spokesperson told IGN that the reports in the media of $1.2 million is “nowhere near” that. Now, you have to figure there is some truth to that. Simply because people that used the hack, not only the people that created it, but other people that found the hack too.