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Liberty Reserve Website Officially Seized

Liberty Reserve's website has been seized by US authorities. Viewers will now get a message that the site has been

Ron Finberg | Regulation ( Retail FX ) | Tuesday, 28/05/2013 | 16:58 GMT+1

Liberty Reserve Website Officially Seized

Photo: Ron Finberg

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

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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.