Yesterday it became clear that scammers had found an exploit that enables them to re-use redeem codes on Xbox Live. Today, Microsoft is apparently "aware of the situation and have taken steps to invalidate the codes obtained illegitimately". It is also querying the $1.2 million loss of revenue being reported.In a statement to the press, Microsoft states that, "Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox Live and will take the appropriate enforcement on an individual basis. Codes obtained legitimately by users will not be impacted."
In terms of the figure of $1.2m, Microsoft told Gamasutra that amount is "inaccurate". It then stated that, "We can’t share specific numbers, but the figure is nowhere near the amount that has been reported."
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