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Comment by Taek

One of the biggest takeaways from this for me is that PayPal has awful security when it comes to compromised accounts. The only reason compromised accounts would trade for prices that high is because hackers have a high success rate of stealing funds from them, and a low chance of getting caught.

Credit cards and bank credentials being worth comparatively much less means that hackers don't have easy ways to secure the funds - either there's a high risk that the transaction is reverted, or there's a high risk that the hacker gets caught and goes to jail. You can tell it's not just an effort issue because the value of the accounts barely scale as the amounts in the accounts increase.

parent Taek 6 years ago

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