In the last month, players claimed that @StepBackRack, an infamous participant in the Twitch community NBA 2K Coins, dubbed "Rack," took hundreds of thousands of dollars out of the Australian and New Zealand communities in an apparent investment fraud. Another gamerwas @Raangee who was accused of being involved in the fraud.
Tyceno, YouTuber and streamer was the first to expose the fraud. He enticed young gamers to pay them hundreds of dollars in exchange for thousands of dollars. "I have strong reason to believe that @StepBackRack was the person behind an enormous illegal pyramid scheme that took place within the NBA 2K community and in which more than $200,000 was taken from vulnerable victims believing they could 'flip' the money they had," Tyceno wrote.
It's not known if Rack or Raangee knew about the scam or if their accounts were hacked. We've tried countless attempts to contact them but no luck. Tyceno and others who are suspected victims spoke to us about the way in which "Rack" was able to reach out via voice chat to a range of young gamers. (NBA 2K's terms of services restricts the use of the service to unlawful purposes, commercial purposes or to gamble in conjunction with others. 2K is the company that publishes NBA 2K, has not responded to repeated requests for comments.
Tyceno claims that Rack offered players to place large sums of money in the account offering unusually high returns of up to 40 percent. One person aged 21 has told us that he had lost $6000 but was expected to receive $11,000 for it because of the "interest" he was supposed to collect buy mt coins. "The scam was initiated by this man Rack posting hundreds of thousands of dollar bets in order to brag about the amount of money he actually had."
