Hacker cracks indie’s PayPal account, orders PS4s with crowdfunded cash

by Jessica Conditt, With three days left in the Secrets of Rætikon Indiegogo campaign, developer Broken Rules discovered its PayPal account had been hacked and someone had spent $2,500, in part to order three PS4 consoles, studio co-founder Martin Pichlmair told Joystiq.raetikon-01-1373396021
Broken Rules contacted PayPal and put a stop to the spending, and PayPal assured the studio that all of its money would be returned. Pichlmair said he believed the account’s password was cracked. Broken Rules since regained full control over its own account, making it safe for backers to continue donating.

“This feels like someone breaking into your house and we were super-stressed out for a whole day,” Pichlmair says. “We’re on the last stretch of our crowdfunding campaign and this incident is really taxing …. Gladly there wasn’t too much money on our PayPal account at that point.”

Secrets of Rætikon has a $40,000 campaign on Indiegogo and has raised $10,900 with three days to go – but it’s a Flexible Funding project, meaning Broken Rules gets to keep whatever money it makes, regardless of reaching its goal. Secrets of Rætikon was a stylish exploration and puzzle game that we dug at GDC Europe this year.

All that Broken Rules had to identify the hacker was a “dodgy Gmail address,” so there wasn’t much chance of catching anyone, Pichlrmair said. As for the return of its stolen money, he said he’d believe it when he saw it. Pichlmair planned to update backers no matter how the hack shook out.

“We try to be honest even if it is to our detriment,” he said. “That’s us.”
More On


MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

Crowdfund InsiderBrief: GoFundMe Presents $100000 in College Scholarships to 10 StudentsCrowdfund InsiderTo qualify for the scholarships, each student had to create a crowdfunding campaign on GoFundMe, shared stories about the obstacles they had overcome in pursuing their education, h [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

Smart From The Start: 3 Ways To Properly Establish Your Business When CrowdfundingCBS LocalConsequently, burgeoning entrepreneurs have turned to crowdfunding platforms to get the seed money they need to get business ideas off the ground. However, seeing as 98 percent of crowdfunding p [...]

Crowdfund InsiderTitle III Crowdfunding Might Not Be What Many ExpectedCrowdfund InsiderI have been immersed in the equity crowdfunding industry since late 2015 and have tried to collect as many different perspectives on the industry from as many experts as possible. And while it is h [...]

The RegisterHardware ain't hard, money is: Crowdfunding, bootstraps and startupsThe RegisterHmm, I think we call this bootstrapping in IT, or in our case crowdfunding. Raise enough money to get the first shippable product and ship it. (I did once work on a "big" defence [...]

Crowdfund InsiderSEC Schedules Open Meeting on Rules 147 & 504 Impacting Intrastate CrowdfundingCrowdfund InsiderMary Jo White October 30 2015 The SEC has scheduled a meeting to consider proposed amendments related to Rules 147 and 504 – securities regulations that impact intrasta [...]

ExtremeTechNew crowdfunding project promises an ATX motherboard for IBM's Power8ExtremeTechWe don't cover many crowdfunding projects at ExtremeTech, because most of the pitches we get are frankly terrible. While we can't make any promises about any crowdfunding project [...]

CoinTelegraphCrowdfunding vs. ICO: Experts Question Legitimacy and Guarantees of Initial Coin OfferingsCoinTelegraphOne major difference exists between traditional crowdfunding methods and ICO, and that is market value. When a product is introduced on crowdfunding platforms like Indie [...]

CFB Finance

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |