Microsoft has made a statement in response to the recent MS Points exploit, commenting that reported losses are "nowhere near" accurate.
Speaking to Gamasutra, a Microsoft spokesperson said the $1.2 million figure is "inaccurate".
"We can’t share specific numbers, but the figure is nowhere near the amount that has been reported," the representative commented.
Other comments suggest those who scored points illicitly may not enjoy them - or any purchases made - for long.
Obtaining illicit MS Points is, of course, a violation of Xbox Live's terms of services.