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That, and your 800$ are safe. Worst case, your account will get booted out of the store. But not out of your library. I know that Zuckerberg does such things with Oculus (violate Facebook community guidelines & you'll lose all your Oculus purchases) but Valve ain't immoral so even if there has been a fraud and your account gets booted out of the store, the library remains.
However, that "purchases were reverted" part is most likely the key. Were they reverted by you? If not, call your bank and tell them to unrevert the transactions.
They'll have to give the money to steam.
Also, "the name of the card holder"...
That needs to be either you, or this cousin with the bank account associated. Not their parent, not your parent, or some guy on the street. That reeks of 'I used dad's card oops'.
and Steam is quite early on the shutdown trigger for possible fraud.
you can still play your owned games in the meantime, relax and give Steam support any possible information(jus not passwords or full credit card numbers) to help you. explain your situation and everything will be fine.
they are not as bad or slow as some haters make them sound.
So, yeah, that's 100% fraud.
If it's not in your name, the name of the account holder, dude, you have been stealing from someone else in the eyes of the law...
Maybe they'll understand, but... dude. If you didn't have the bank account under your name and the card in your name, that's *literally* theft.