Chewie
BCCI President
IMO getting rid of it all is a bit OTT.
I'd say maybe divide what everyone has by 10.
I pretty much just use mine to give away in my league (and the occasional bet/casino), so I'd be pretty annoyed if I had to start again from scratch.
Dividing everything by 10 wouldn't solve it because it doesn't get rid of the fake bets, and people would still have a few million.
Just don't give away vCash in leagues, or maybe only in the Champion's League. People will understand.