This is not the first time Valve has removed games from their platform but it's the biggest number they've pulled in a day.
This time Valve decided to remove 173 games from asset flippers Silicon Echo Studios (and an archive in case they bother with removing the group later) and Zonitron Productions apparently from the same guys. Just in July and August they released 86 games, roughly 10% of all games released in the same period.
A lot of the games were sold for free or sold cheaply in bundles, the idea behind it was Steam Card Trading, these cards aren't worth much by themselves, but the studio got money from these which is why their games were either free or sold in bulk with a low price as to get as many people as possible to get them.
The games were all pushed together in a single Steam Direct application, currently you need to pay 100$ per game, but they bypassed this by sending several games in one application, getting several games in with just one payment.
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