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Hackers take username and password combinations from massive data breaches on other websites (LinkedIn, Adobe, old forums). They run these combinations against Steam via automated software (Open Bullet or Silver bullet). If they get a hit, they steal the account. These accounts almost always have Steam Guard enabled, so they are useless to the hacker.
Some users sell their old accounts for pennies on gray market forums. However, the moment you log into an account "without Steam Guard," the original owner can use the "Forgot Password" feature via their email to lock you out instantly. Free Steam Accounts No Steam Guard
If you find a website, YouTube video, or Discord server promising free accounts, there are only three possible sources for those credentials. None of them are legal or ethical. Hackers take username and password combinations from massive
He immediately tried to trade a knife to his main account. A red banner popped up: "This account is currently restricted." These accounts almost always have Steam Guard enabled,
: Accounts without Steam Guard are highly vulnerable to theft. Steam Guard is a security feature that provides an extra layer of protection beyond just a password.