The website videogamewriters.com is reporting possible Xbox Live and Paypal hacking.

It could just be one man's poor luck, but videogamewriters.com is offering a story of one man with over $200 charged to his Xbox Live account through Paypal. One tale of hacking normally wouldn't be a concern, but according to the story, one Paypal representative said they had already received 19 calls this morning from people with similar financial woes.

Tens of thousands of new people probably signed up for Xbox Live yesterday, and as such the percentage of people getting hacked has gone up, so this could just be the everyday sort of normal hacking that Paypal and Xbox Live unfortunately has to deal with. Or, it could be the first signs of a hack of a PlayStation Network proportions! But probably not.

In any case, just consider this a friendly holiday reminder to keep an eye on your bank account. If you're anything like me, it's low enough as it is following Christmas shopping and the November game rush.

I bet it's not actual hacking, just fishing for information. And some people are dumb enough to fall for it.

Given the number of people that use the service.... 19? Isn't that something that would happen like... everyday? Paypal also has about the best security $ can buy, since their whole business revolves around not being hacked. We shall see...

I agree with this.

phishing... no doubt....

If someone did hack xbl they wouldn't spend every-ones right away, tip your hand like that and you get caught you take a little at a time to leave doubt since they know MS would never tell anyone as long as they don't make it obvious they'll get away with it.