SteamHolidayAuction

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  • Steam auction on hold after users find exploit, pilfer online currency (updated)

    by 
    Steve Dent
    Steve Dent
    12.12.2014

    Valve's Steam Holiday Auction was supposed to bring users together to swap community items and bid on games, but things seem to have gone horribly wrong. The idea was to acquire Steam "gems" by trading cards and other objects then use them to bid on nearly 2,000 games. Unfortunately, some Reddit users noticed that certain accounts were showing billions of gems (worth thousands of dollars of auction value) in a very short time, possibly obtained by exploiting a site glitch. That prompted Valve to shut down the site and post a notice saying "there have been some issues with Gems and the Steam Holiday Auction is temporarily closed."