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Banning in waves after they can detect the chear seems just like a money grab at the expense of real players

It's done to make it harder for cheat makers and cheaters to pin down what exactly got them caught. It's a common tactic across many games.

How is it a money grab? There's no recurring subscription fees to play CS:GO

<strikethrough, see reply>If you want to continue playing after a full ban, you need a new Steam account and buy the game again.</strikethrough>

That said, taking time for detection to be developed and not wanting to give live feedback to cheat developers are also good explanations for waves.

> If you want to continue playing after a full ban, you need a new Steam account and buy the game again.

CSGO is free to play. If you get banned, you only have to register a new Steam account...

Oops, it is indeed. That change totally passed me by.