Players of the now defunct Danish club Copenhagen Flames, TMB, raalz, and Farlig, purchased several hundred organization stickers a day before the public announcement of bankruptcy. The price of different types of CPH Flames stickers on the Steam Marketplace increased 2-3 times after the announcement.
As claimed by the trader who conducted the deal, he sold a total of 250 Copenhagen Flames (Holo) | Stockholm 2021 and Copenhagen Flames (Holo) | Antwerp 2022 stickers for half price. The Danish esports players could have earned a four-figure sum in euros, which is not particularly impressive by Scandinavian standards. Interestingly, they bought the stickers from their main accounts, without trying to hide their intentions.
READ MORE: Copenhagen Flames closed due to bankruptcy
Essentially, the actions of the Danish club members could be considered insider trading. In the US and other countries, it is a criminal offense punishable by a fine of several million dollars or 20 years in prison. However, the Steam Marketplace is not a regulated market, so it is unlikely that the trio will face any sanctions other than those from Valve, if they decide to intervene.
Source: Twitter satsdart
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