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Liberty Reserve closed

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 in the middle of May 2013 on suspicion of money laundering. And the domain libertyreserve.com has been seized so when people access that domain, it show the picture as below:


The effect of this event make every people use the Liberty Reserve currency lost many money (especially the virtual currency exchanger). Some people lost over $1000, and some lost only $1 or less. Many sites use Liberty Reserve has refund their customers/members, and that may cause the site's business DOWN.

Why do people use Liberty Reserve? Because Liberty Reserve has about 3 security layer(password, PIN, key) and it hiding the user in transaction (user is in the ANONYMOUS state) so Liberty Reserve is a PERFECT place for people to make a transaction (and especially for hacker, they can laundering the money without being detected), and it never LIMIT the account like PAYPAL.

So, that's why Liberty Reserve was closed. Hope Paypal and other online currency don't have the same fate....

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