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Forbes: “Metaverse’s first stock” Roblox may face money laundering charges

April 1, 2023
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Metaverse game platform Roblox may face money laundering issues. According to a newly disclosed court document, more than 300 users are suspected of money laundering by using Roblox in-game currency to purchase fake in-game items. The proposal was submitted to San Francisco federal court on Tuesday.

It is reported that the money laundering case stems from a class action lawsuit filed nearly two years ago. The settlement documents show that some users will not receive part of the $7.5 million in expenditures. The settlement agreement requires court approval, but Roblox has agreed to pay the affected Users paid $7.5 million.

According to Roblox spokesman William Nevius, Roblox disagrees with the money laundering allegations, the company will soon submit a brief in response, and has already taken measures on the platform to prevent money laundering.

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