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Valve has decided to change the policy pertaining to items being lost in trade scams.
Moving forward, Valve is no longer going to give back lost items in trade scams. The Frequently Asked Questions has been updated to reflect on this change stating:
Originally posted by another user
“We sympathize with people who fall victim to scams, but we provide enough information on our website and within our trading system to help users make good trading decisions. All trade scams can be avoided.”
According to Valve, giving users back their lost items had an effect on the value of these items on the market, which is one of the reasons for the change.
Originally posted by another user
“Our community assigns an item a value that is at least partially determined by that item’s scarcity. If more copies of the item are added to the economy through inventory rollbacks, the value of every other instance of that item would be reduced,”
-Valve
The full set of questions and answered deals with the most commonly asked questions about the cases of scamming and fraud so make sure you give that a read.