Liberty Reserve Website Officially Seized

Tuesday, 28/05/2013 | 15:58 GMT by Ron Finberg
  • Liberty Reserve's website has been seized by US authorities. Viewers will now get a message that the site has been seized and there is no further DNS information provided. Account holders are left wondering the future of their funds
Liberty Reserve Website Officially Seized

Web viewers going to Liberty Reserve website will see this message now

lr website

A complete seizure like this puts the site in the same fate as other online sites that were accused of Money Laundering , scamming users, involvement with drugs, or what is often the main cause, internet piracy. The question now is whether account holders will receive their money, and just how much funds did Liberty Reserve hold. As the case has gone to the US courts, it is expected to be an unfortunate long process. Our assumption is that authorities will hold all accounts as they search for more clues about possible criminal activity among Liberty Reserve customers.

Web viewers going to Liberty Reserve website will see this message now

lr website

A complete seizure like this puts the site in the same fate as other online sites that were accused of Money Laundering , scamming users, involvement with drugs, or what is often the main cause, internet piracy. The question now is whether account holders will receive their money, and just how much funds did Liberty Reserve hold. As the case has gone to the US courts, it is expected to be an unfortunate long process. Our assumption is that authorities will hold all accounts as they search for more clues about possible criminal activity among Liberty Reserve customers.

Topics
regulation
liberty-reserve
About the Author: Ron Finberg
Ron Finberg
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Ron Finberg, a specialist in regulatory issues, brings clarity and depth to finance news

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