The day after the sale closed on 6 July, Valve banned over 40 000 accounts on Steam, the largest number the developer has ever suspended at once. It appears that a ton of people were caught up in this as thousands of accounts were just banned. Previously, the biggest ban was 15,000 accounts in one day, which was only back in October 2016.
That's why Steam strategically banned the users after the sale ended, so they won't have the chance of repurchasing the games at a cheaper price. VAC bans are also permanent and non-negotiable, so if Valve swings its banhammer in your direction, you can pretty much say goodbye to playing multiplayer games in a lot of popular titles.
Have you got any sympathy for those affected by the bans? According to the VAC-Ban website, nearly $7,500 United States dollars worth of skins were lost as a result of this recent purge as well, so there's no doubt a big impact on the cheaters out there. This information comes from Steamdb, where you can see a steady graph of bans each day - and the graph for July 6 shows a massive spike. There are illegal gambling types of operations that happen with some games, while other games just end up picking up players who try to cheat the system in other ways.
The information comes by way of Steam Database (via Dot Esports). "If a VAC ban is determined to have been issued incorrectly, it will automatically be removed".
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