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Microsoft Keys - Why are they so cheap, and where are they from?

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Dear Cracked.io Team,

I've seen 3000+ people selling Microsoft Keys for cheap on Facebook, forums, and Telegram.

For example, Windows 10/11 keys cost $1-2, and Office 2021 keys are $3-4.

I'm really curious: where do all these keys come from? Some people say they might be stolen via carding or hacked?

I knew long time ago, these keys were generated via the MSDN Admin Accounts.
But Microsoft moved away from MSDN, and now it's called Visual Studio subscriptions. (They start at 1.500$ / month)
I know with this subscription you can get a lot of keys per day, but i can't believe that these sellers hacking or carding this subscription.

I also noticed that some sellers offer different guarantees, like 7 days or 30 days, and charge more for longer guarantees. That might be a hint.

If anyone knows where these keys really come from, I'd be thankful if you could tell me or discuss with me about it :)

Thanks for your time.
 

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Nobody?
 

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