Valve’s Steam Market has a bit of a meltdown yesterday after it randomly started valuing items at the same rate in Indonesian rupiahs and US dollars. To put it simply, a $1 item would just cost one rupiah, when usually one US dollar is worth 13,000 rupiahs.
This meant that prices were rising and falling at a dramatic rate depending on whether you were logging in from India or the US. Prices were hiking over in the US while in India you could grab community items ridiculously cheap. It didn’t take long for Valve to disable the community market though and then earlier today, the company released a statement.
“Early this morning, a problem with our currency exchange rate data allowed users who use Indonesian Rupiahs in their Steam wallet to make purchases on the Community Market at heavily discounted prices. We have reverted as many of these purchases as possible. Steam Trading and the Community Market were both disabled while this rollback process was occurring, but are now enabled once again.”
Some users lost their items but had not seen their Steam wallets replenish yet. Valve is working on this and presumably, everyone will get their money back. In all, it seems that Valve’s little market crisis has been averted.
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KitGuru Says: The people over at Valve have had a pretty rough week. First they had to deal with the paid mods fiasco and then just a few days later, its community market was hit with a crazy bug. Were any of you guys affected by yesterday’s Steam market crash?