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The thousands of PS5 and Xbox Series X bought by UK speculators canceled

Behind PS5 and Xbox Series: how are consoles reserved in Spain?

After pre-ordering 3,500 PlayStation 5s and over 1,000 Xbox Series Xs, those consoles will not ship and all of those orders have been canceled.

The thousands of PS5 and Xbox Series X consoles bought by an organized group of British speculators are officially canceled. According to Eurogamer and VGC reports from the United Kingdom, this group of speculators, who used bots to identify the availability of new shipments of the new Sony and Microsoft consoles, bought “thousands” of units to resell them in the second-hand market at exorbitant prices , they have run out of orders.

No consoles and no money, a disjointed plan

During the day this Tuesday, the Very store, in which thousands of Xbox Series X were bought by the speculator group – which goes by the name of CrepChiefNotify – have been archived, payments have been refunded and are officially canceled. They wield a computer error to cancel the orders, so the money has been returned and the deal is over.

PS5
The consoles were starting to be resold on eBay for £ 950 (minimum).

“As a result of a technical error, some users were able to reserve a PS5 or Xbox Series X during this Sunday for a short period of time. However, these items are not for sale and our affected consumers have been notified that the orders are canceled ”, they explain from Sky News.

What they won’t see back is the money invested in getting the information on when there would be PS5 and Xbox Series X units.

Cyberpunk 2077

How this group of speculators works: information in exchange for money.

The working methodology of this British organization was as follows. Followers subscribed to his “service” received information on the availability of new shipments of PlayStation 5 or Xbox Series X | S in exchange for a monthly fee of 29.99 pounds or, for those who preferred, a one-time payment of 399.99 pounds to have access to all information without expiration date.

From time to time, subscribers received notifications and benefited from the use of these bots, which, as soon as there was a new stock of one of the two consoles, they were immediately notified. Not surprisingly, all these speculators will not get that money back after order cancellation, as CrepChiefNotify has no plans to do so. Its users are filling the portal with thousands of negative comments.

About author

Chris Watson is a gaming expert and writer. He has loved video games since childhood and has been writing about them for over 15 years. Chris has worked for major gaming magazines where he reviewed new games and wrote strategy guides. He started his own gaming website to share insider tips and in-depth commentary about his favorite games. When he's not gaming or writing, Chris enjoys travel and hiking. His passion is helping other gamers master new games.

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