NFT pioneer "Absolute Force CS2" can be withdrawn within 7 days of trading, plagued by rampant fraud from third parties.

Early on, the NFT trading market-like “CS2” introduced a new rule this month called “Trade Protection,” allowing players to retract completed transactions within 7 days, which unfortunately led to many players falling victim to scams. (Background: From CSGO to MATR1X: A legendary Steam trader recounts the opportunities and risks of Web3 game item NFTs) (Supplementary background: Is it still possible to make money with P2E gold mining in current Web3 games?) Valve has always been known for encouraging players to trade freely, but the introduction of the 7-day trade retraction mechanism for “Counter-Strike 2” on July 16 has suddenly thrown this multi-billion dollar virtual item market into turmoil. Safety mechanisms turned into scams. According to Valve’s announcement, the new “Trade Protection” mechanism allows players to retract item transactions within 7 days after the trade is completed, providing players with the time to “retrieve their assets” if their account is compromised. However, scammers quickly found a loophole; they would first accept the buyer’s payment on a third-party platform, then reclaim the game items during the trade protection period. The money spent and the virtual items were both taken back, leaving the victims with nothing. In just a few days, the Steam community accumulated numerous posts complaining, especially Chinese players who flooded the discussion forums with furious posts about being “scammed with empty hands and white wolves.” Market capitalization evaporates and liquidity freezes. The sudden loss of trust is directly reflected in prices. According to the Key drop trading platform, the total amount of market listings plummeted by $615 million within a week of the new rule’s introduction. Players worried that their holdings would become hot potatoes and rushed to sell their inventory; at the same time, the number of buyers willing to catch a falling knife drastically decreased, causing transaction prices to plummet. What was originally a high liquidity setup that allowed for immediate withdrawals now requires a “seven-day lock” to complete deliveries, effectively locking up market funds. In the face of turmoil, third-party platforms reacted swiftly. For example, TradeIt or Buff game trading platforms switched to freezing buyer payments for seven days, only releasing funds to sellers after the protection period ended, while imposing permanent bans on malicious account withdrawals and guaranteeing full compensation to regain user trust. Operators generally strengthened KYC and raised transaction fees in an attempt to internalize the risks. Related reports: Reader submission: This is the scam I encountered, costing me tens of thousands of USDT. 【Important statement】Beware of scam groups impersonating “BlockTempo”; do not fall for their tricks! PTT posted for help: “My family bought a virtual mining machine”: Investing 100,000 in mining, receiving 500 daily, is it a scam? <NFT pioneer “Counter-Strike CS2” allows trades to be retracted within 7 days, rampant scams by third parties> This article was first published on BlockTempo, the most influential blockchain news media.