Microsoft Chasing Xbox Live Point Thieves

A few days ago an exploit surfaced that allowed gamers to use bogus Xbox Live codes that were redeemable for 160 Microsoft Points a pop. Microsoft has since shut the exploit down, and is now pursuing the thieves.

"Our Policy and Enforcement team is evaluation whether or not certain individuals have violated the Terms of Use for Xbox Live and will take the appropriate enforcement on an individual basis," read a statement from Microsoft. "Codes obtained legitimately by users will not be impacted."

Early reports stated that the code exploit cost Microsoft over $1 million, but the company refutes that number. "We can't share specific numbers, but the figure is nowhere near the amount that has been reported."