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The name you all should know by now, LulzSec, has just hacked Xbox Live and has exposed over 60,000 Xbox Live gamertags, passwords, and even PayPal information. The information was taken down from forums multiple times, but it keeps getting posted.
If you use Xbox Live or Paypal, I recommend changing your password on both platforms, as well as your bank account, immediately. World Of Warcraft usernames and passwords were also stolen.