Liberty Reserve Has Been Shut Down

I've heard the news that LR has been shut down but I haven't lost anything from here because before this issue comes, I already withdrawn all of my money in LR. I am just lucky though a lot of online earners aren't that fortunate enough to get their money back. I don't know if they if the court will refund those stolen moneys back to the owners but I guess, it's forever gone.

 

They really should've seen this coming. Next on the chopping block is BitCoin. The US Feds have really been on roll, overstepping their authority worldwide. My hope is that BitCoin will be able to fight them off like Kim Dotcom who may very well be looking at a $Billion dollar settlement from the US govt.

 

Viktori, I'm sure that Kim and his worldwide team of attorneys hopes that everything works out in their favor and they walk away with that kind of money -- but truth be told, I doubt if the Feds will let let his case go to trial. He'll probably walk away from this with a $XXX million dollar settlement to make this all go away. He's VERY smart to keep this in the international press so that they can't just make HIM go away (if you know what I mean).

 

Really i never used liberty reserve even though i heard about it.. why was it shut down is it because it was home to like gambling sites etc?

 

I have never used Liberty Reserve, but I have seen that it was pretty much the only payment processor that did not ban a buch of HYIPs that turned out to be scams, and now the FBI is shutting them down. If that happens, it does stimulate thought as to why that is.

 

I saw it coming.

I knew Liberty Reserve would get shut down, because many criminals were using it for their dirty activities.

 

Its sad to hear lots of people who made legitimate xash ended up losing their money. I heard its due to some fraudulent acts,tax evasion and all. I think Paypal is more secured. Its advisable to always transfer cash to bank at intervals. Don't leave in the account

 

There are still some payment processors that HYIP sites will use but HYIP will really decline this time because of the lost of this major payment processor. Libertyreserve is their major payment processors used in HYIP so the lost of it affects everything when it comes to online investment.

 

Considering the corruption that was rife with Liberty Reserve, I had seen the writing on the wall ages ago.

I feel terrible for all the legitimate people who were using it perfectly normally - though I think many were
smart and pulled up stakes once the rumbling started. At least I hope they did, I don't have any figures to back
that up. I know I left once I saw the storm clouds on the horizon.

 

I've known for some time that Liberty Reserve was being used by quite a few unethical individuals as a workaround for payments, but I also used them for some game sites just to test them out. I don't think I left any amount in an account (I hope not) but I also feel sorry for everyone who did lose large sums of money just because one of the founders were arrested and, finally, his assets for the site seized. In a way, it may have been a good thing, but I think more legitimate people were hurt than crooks.

 

I was never interested in anything other than PayPal/Bank transfer or Payza ewallets. I guess I'm the lucky one here!

 

It's quite easy to make money on these kind of sites even if they are scam. I know that they are scam but I still joined these sites before because if you invest early on them, you will gain profit but if you invest late, you will get nothing. They have some other options to choose like Perfectmoney which is somewhat the same as in LR and Solidtrustpay as well.

 

Wow, I had no idea the Liberty Reserve has been seized by the FBI. I never used them too much, but I've always heard good things about them and never really had any problems the few times I've used them. I didn't even know that it was used with online gambling sites.