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The Conversation USA

$2B Counter-Strike 2 crash exposes a legal black hole: Your digital investments aren’t really yours

  • Written by João Marinotti, Associate Professor of Law, Indiana University

In late October 2025, as much as US$2 billion vanished from a digital marketplace. This wasn’t a hack or a bubble bursting. It happened because one company, Valve, changed the rules for its video game Counter-Strike 2, a popular first-person shooter with a global player base of nearly 30 million monthly users.

For years, its players have...

Read more: $2B Counter-Strike 2 crash exposes a legal black hole: Your digital investments aren’t really yours

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