Fortnite game maker will pay $520M to settle FTC child privacy violation claims

Epic Games, maker of the popular video game Fortnite, will pay $520 million to settle allegations from federal regulators that it tricked children into making in-game purchases and violated privacy laws.

The video game company will pay $275 million for violating a federal children's privacy law and will spend another $245 million in refunding customers for its alleged "unlawful billing practices," the Federal Trade Commission said Monday. 

The $275 million marks the largest fine the agency has ever obtained for the violation of an FTC rule, while the $245 million represents a record refund for a gaming case, the federal agency said.