EVE Online Banker Scams Over 80 Billion ISK

Andy Chalk

One Flag, One Fleet, One Cat
Nov 12, 2002
EVE Online Banker Scams Over 80 Billion ISK

The unique universe of EVE Online [http://www.eve-online.com/] has taken another turn for the crazy with news that a player named Xabier, the former Investments Manager at the in-game Dynasty Banking operation, has absconded with over 80 billion ISK.

One of the most interesting features of EVE Online is its player-driven economy, which is almost entirely unregulated by EVE developer and publisher CCP Games [http://www.ccpgames.com/]. Players control virtually everything, meaning the economic side of the game, handled via the game's corporations, banks and other entities, represents a more complex and vital component of play than the tightly-controlled "buy-and-sell" economies of most MMOGs. But human nature is what it is, and just like in the real world, players are vulnerable to the risks of bad behavior among those in positions of authority.

So it was when last week, according to Dynasty Banking [http://www.massively.com/2009/01/21/eve-online-player-embezzles-over-80-billion-isk-from-dynasty-ban/] with a tidy 86 billion ISK, the EVE Online currency, an amount which he says is now worth over 106 billion ISK thanks to investments. Manalapan, the chairman of Dynasty Banking, pegged the embezzled amount at the slightly lower mark of 82.5 billion ISK, but the difference is academic. A huge sum of money is gone.

Manalapan Thanks for all the fish [http://myeve.eve-online.com/ingameboard.asp?a=topic&threadID=978589]." He also urged customers not to jump to conclusions at this point, assuring them that should the worst turn out to be true, the bank has enough in reserve to cover the loss. "All withdrawal requests are being dealt with this very moment but as I am sure you are aware there is an above average amount, and so we ask for patience with this matter," he said. "Dynasty Banking will get over these times and we will continue to strive to earn the public's faith as one of the leading banks of Eve Online."

EBANK [http://www.eve-bank.net/], the largest player-run bank in New Eden, has also pledged its support to Dynasty Banking if the run on the bank, which at last report was up to 30 billion ISK, reaches the point where the bank itself is threatened. "From what I have seen after talking to Manalapan it's quite likely EBANK won't need to assist at all, but it can't hurt to have that extra backup just in case," EBANK Managing Director Ricdic said.

A lot of players will no doubt frown upon these shenanigans but I think it's a great example of what makes EVE stand out from the MMOG crowd. The insertion of the human element into the most basic aspects of gameplay, for both good and bad, results in the sort of emergent gaming that most designers can only dream of. Some people have questioned whether or not a real crime has taken place, since ISK does have a real world value: Based on rates at SwagVault.com [http://www.swagvault.com/eve-online-tranquility-c-904_905.html?ref=2372&gclid=CPrOu_Kfo5gCFQJ2xgodlV9E8g], the amount embezzled by Xabier is worth around $2500.00. But the crime took place within the context of the game, so while EVE law may apply - such as it is - I find it hard to imagine that real law would.

And this is far from the only example of high-profile malfeasance in EVE. As far back as mid-2005, the Guiding Hand Social Club staged a 700 billion ISK [http://www.computerandvideogames.com/article.php?id=180867&site=pcg]. It takes balls to let this kind of thing go on, but the success of EVE Online is proof that this is exactly the action some players are looking for.



New member
Aug 7, 2008
Thats why if I had the time, could be bothered, and wasn't addicted to so many other things right now, I would be playing EVE, just becuase the economy is so appealing.

Theo Samaritan

New member
Jul 16, 2008
Well, I have a shitload of isk in Dynasty, more than most people. Am I concerned? No.

If you treat ISK like IRL, then all a bank is is numbers. I am not emptying my account, so I still have the same worth as the bank owners. I can't touch my account for another 7 months when I get back, so by this time if the bank is still running I will still have value.

EDIT: And I will be contacting the guy personally and congratulating him.


And you are?
Sep 10, 2007
It takes balls to let this kind of thing go on, but the success of EVE Online is proof that this is exactly the action some players are looking for.
Hell yes. This kind of thing makes me want to play EVE.

Exactly what can a ex-investments manager do with 80 million ISK?

Isaac Dodgson

The Mad Hatter
May 11, 2008
That's... so awesome and wicked all at once...

Wicked in the original sense of the word, not the cool hip sense, or in the New England sense as a word thrown in as a nearly meaningless adjective...


New member
Jul 23, 2008
This game is less about having a big ship to take big hits in combat and more about having a big ship to fit all of your commererative staues to that time you stole from the bank just to buy commererative statues to just such an occasion.

Link Kadeshi

New member
Oct 17, 2008
Don't be fooled! It's all a conspiracy by the evil Space Monkeys! Stupid monkeys control everything, and have spread to Eve! *Runs off screaming like a nut*
Anyways... Yeah, I contend the Monkeys are at fault for this, and this man must be brought to Eve justice. Even if it's constant podding. If he's smart, though, he'll transfer the money and all his possessions to another account. Devious monkey jerk!
Feb 13, 2008

I'm astonished at this. Gold Farmers [http://www.escapistmagazine.com/news/view/88832-Gold-Farmers-Need-To-Be-Embraced] are TEH EBIL!, but Gold Hijackers are cool dudes?

So a game that has a robust economy unlike EQ or WOW...Uh?

Can someone explain this dichotomy of thought?

Anton P. Nym

New member
Sep 18, 2007
HobbesMkii said:
Can the EVE government give the Banks a bailout?
Only if Larry Flynt is asking.

As for my opinion, this is yet another reason for me to stay well the heck away from EVE. Too many sociopaths.

-- Steve