- Mar 17, 2013
- 553
U.S. federal law enforcement agencies on Tuesday announced the closure and seizure of Liberty Reserve, an online, virtual currency that the U.S. government alleges acted as “a financial hub of the cyber-crime world” and processed more more than $6 billion in criminal proceeds over the past seven years.
The Department of Justice asserts that Liberty Reserve’s operations were highly criminal in nature and facilitated money laundering. While the DoJ makes the case that many Liberty Reserve users were using it for criminal activity, anyone on the Internet could have easily signed up to use the service to transmit money to family and friends or to trade currencies online.
-http://krebsonsecurity.com/2013/05/u-s-government-seizes-libertyreserve-com/-
The Department of Justice asserts that Liberty Reserve’s operations were highly criminal in nature and facilitated money laundering. While the DoJ makes the case that many Liberty Reserve users were using it for criminal activity, anyone on the Internet could have easily signed up to use the service to transmit money to family and friends or to trade currencies online.
-http://krebsonsecurity.com/2013/05/u-s-government-seizes-libertyreserve-com/-
