Liberty Reserve = Dead

Nefarious · 05-27-2013, 01:09 AM

Quote:The founder of Liberty Reserve, a digital currency that has evolved as perhaps the most popular form of payment in the cybercrime underground, was reportedly arrested in Spain this week on suspicion of money laundering. News of the law enforcement action may help explain an ongoing three-day outage at libertyreserve.com: On Friday, the domain registration records for that site and for several other digital currency exchanges began pointing to Shadowserver.org, a volunteer organization dedicated to combating global computer crime.

According to separate reports in The Tico Times and La Nacion, two Costa Rican daily newspapers, police in Spain arrested Arthur Budovsky Belanchuk, 39, as part of a money laundering investigation jointly run by authorities in New York and Costa Rica.

With some people set to lose over 50 thousand dollars, what do you think will happen?

Source.

ねこまっしぐら · 05-27-2013, 01:21 AM

They're just going to lose all the money? They aren't going to somehow give it back to the owner or anything?

Jolly · 05-27-2013, 02:13 AM

Sounds suspicious as hell...
Good thing i don't use it Smile

Adorapuff · 05-27-2013, 02:13 AM

Their domain was sinkholed, and their owner was arrested.

ねこまっしぐら · 05-27-2013, 02:22 AM

(05-27-2013, 02:13 AM)Devil Child Wrote: Their domain was sinkholed, and their owner was arrested.

Now that's a better explanation.

Nefarious · 05-27-2013, 02:25 AM

(05-27-2013, 01:21 AM)Johnny Wrote: They're just going to lose all the money? They aren't going to somehow give it back to the owner or anything?

As far as I know no one will get their money back.

(05-27-2013, 02:13 AM)Devil Child Wrote: Their domain was sinkholed, and their owner was arrested.

If you clicked the source it says that.

i0xIllusi0n · 05-27-2013, 02:47 AM

I never trusted LR to begin with. Doesn't surprise me that it's down now.

Adorapuff · 05-27-2013, 02:57 AM

People will get there money back within 2-3 years because of court issues, and people with over 1k will be investigated, as 99% of people with 1k there obtained it illegally.

i0xIllusi0n · 05-27-2013, 02:59 AM

(05-27-2013, 02:57 AM)Devil Child Wrote: People will get there money back within 2-3 years because of court issues, and people with over 1k will be investigated, as 99% of people with 1k there obtained it illegally.

inb4 Anar arrested

Unmasked · 05-27-2013, 03:09 AM

(05-27-2013, 02:57 AM)Devil Child Wrote: People will get there money back within 2-3 years because of court issues, and people with over 1k will be investigated, as 99% of people with 1k there obtained it illegally.

The United States Government is going to give you your money back? What have you been smoking cause you sound high as fuck my friend

Liberty Reserve = Dead
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