While you may or may not know of Steam’s recently launched Holiday event, the event opened and closed very quickly this week as Valve’s attempt to add a “gem” currency as payment for holiday titles fell to exploit.
Similar to the issues Valve suffered during their last Summer Sale, this custom currency could be earned by users with and without spending real cash and had been quickly exploiting. Forcing the hand of a Steam sale reversal, Valve stepped back on the Holiday event offer with the following statement:
“Sorry, but there have been some issues with Gems and the Steam Holiday Auction has been temporarily closed. The elves are working frantically to get the issues sorted out, and the auction will start again as soon as they are done.”
With the exploit only available for a short time, those users in the know created high volumes of gems quickly, drawing the red flag that took down another of Valve’s innovative payment methods. As quoted, Valve is working on a fix to their Holiday event as quickly as possible, but may not have the fix before their apparently leaked Winter Sale on December 17th.