We Need Bailout! EVE Online Virtual Bank Has A Deficit Crisis

A bank within EVE Online is in a pickle.  No, they didn’t invest heavily into a sub-prime galaxy cluster rather they’ve been plain old Gordon Gekko style scammed.Whilst it came to light earlier in the year that Ebank, EVE Onlines largest player owned virtual bank, was the victim of an estimated 200 billion ISK from the player run company it appears that it was around a solid nine percent of Ebank’s total networth which was siphoned.  While the player in question has been banned from the game, the damage has seemingly already been done.

This announcement comes on the heels of the report that Ebank had already reported a near 400 billion ISK loss on defaulted loans, totaling their deficit to a mind boggling 1.2 trillion ISK.  As a result all accounts have been frozen pending a restructuring of Ebank’s financial strategy, so if you had money safely stored with Ebank then your savings are under lock and key until they can get their matters in order.

The main concern however comes from the fact that this can have a resounding impact not just Ebank users, but EVE’s entire economy.  Similar to the fears many economists had late last year when the US banks were in trouble, worries grow that a banking collapse could cause a chain reaction and ultimately crash the MMO’s economy.  Which is not a good thing, is it?

Source: Arstechnica