It certainly hurts the game. This particular CG, unlike some others, has a separate top prize for the single highest contributor. If people know that the top spot will inevitably go to a cheater, they'll be discouraged from competing for that top score themselves.
Aren't there many people with multiple hundreds of millions of credits whom have legitimately earned their wealth? How can anyone can say "the top spot will inevitably go to a cheater" when it's easy enough to have a fat bank in this game. Granted I don't know much about the CG events so perhaps I'm not knowledgeable enough to comment on them.
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