We've just gotten word that EBANK
, a player-run bank in EVE Online
self-described as "the largest financial entity ever seen in EVE
" has been rocked by embezzlement from its own CEO, Ricdic. The former CEO stole roughly 200 billion ISK from EBANK, which is roughly 8.6% of the entire 2.3 trillion ISK that EVE
's playerbase has deposited. EBANK chairman Hexxx
has issued a statement on the game's official forums, stating that Ricdic has been banned by CCP Games
for engaging in RMT, also adding that the former CEO "has scammed."
The loss of nearly 9% of EBANK's deposits is a serious blow to the player-run institution, perhaps as much to investor confidence in the bank
as it is to their funds, but Hexxx says their liquidity is still between 400 billion and 500 billion ISK. A June 6th news item on the EBANK site written by bank auditor LaVista Vista
states, "We are currently experiencing some technical problems. Therefore, we ask that people do not deposit any ISK, until we have solved the problem."
EBANK's director and head teller Athre has now assumed the role of interim CEO, as the EBANK staff determines the best way forward from here.EVE Online
has a rather unique economy among the many MMO titles on the market. One distinguishing feature of EVE
is that players can establish financial ventures, be it IPOs or even banking institutions. While many of these ventures are legitimate, some are not
, and it's the scams and embezzlement
like today's revelation that typically get the headlines.