Stolen iTunes Accounts For Sale at China’s Auction Site

By on Jan 7, 2011 at 5:30 am

BBC reports that 50,000 iTunes accounts that have been linked to stolen credit cards are being sold at TaoBao, China’s version of eBay. According to their findings, buyers are given a temporary pass to download as much as they want from the auction site for a little as 1 yuan ($.15) at a time.

Some listings are informing their buyers that the accounts can be used for any item iTunes offers which include games, apps, movies and so forth but, they only 12 hours to use the account before being shut down.

Because TaoBao had not received any complaints regarding these sales, it is not required to remove the listings. Apple has declined to provide comment on the matter.

[BBC]

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