Had mine hacked last week, MS gave me the option of starting an investigation to determine what happened or call the bank.
If you start the investigation it can take up to 30 days (you lose your account for that time being) and are given a temp during and get your account back after it finishes.
I elected to take my card off the account, change passwords and call the bank to tell them about the fraudulent charge, my bank took care of the money part ($60, they bought WWE All Stars). Hopefully my new p/w is good, not sure how they got my p/w though in the first place.

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