Microsoft will keep the option of redeemable codes for Xbox 360 users for retail once Microsoft Points are set to be scrapped, a Eurogamer rumour has said.. It follows a report yesterday that said ...

An algorithm that allowed the generation of working Microsoft point codes resulted in the unauthorized acquisition of what some claim could be as high as $1.2 million in virtual currency.

As it is now, 80 Microsoft Points are equal to $1. So take your total number of Microsoft Points, divide it by 80, and that’s how much money — you’ll possibly have more — will be in your ...

Confirmed by a source in Microsoft. Xbox 360 gamers will still be able to use redeemable codes to buy DLC and other products after Microsoft phases out Microsoft Points, Eurogamer understands.

People looking to get free virtual currency from Microsoft found a way earlier this week--to the tune of $1.2 million--by exploiting the URL headers of a promotional site handing out Microsoft Points.

Microsoft offers some other ways that Xbox console owners can earn points, too, though you'll need to regularly consume content on the platform for it to have any real impact on your Rewards account.

Earlier this week, a group of hackers created an algorithm to generate valid Microsoft codes valued at 160 points each. Users were able to take existing, used point card codes to get new ones.

Most users exploiting the flaw were interested in the Microsoft Points: each code was worth 160 points, an amount that would normally cost $2 to buy. The flaw was remarkably simple.

The platform holder says it is considering what action to take against those who netted themselves Microsoft Points illegitimately. Microsoft has revealed that the reported $1.2 million loss from ...

Each code is worth a whopping 160 Microsoft Points each, just redeem it on Xbox.com! This process was never ending, just refresh, rinse, and repeat.