28 May '13, 4pm

Feds Shut Down Digitial Currency Site LibertyReserve & Its 1M Customers & Seizes 5 Domains #news #domaining #domain

Feds Shut Down Digitial Currency Site LibertyReserve & Its 1M Customers & Seizes 5 Domains 2013 May 28 by Michael Berkens Follow @TheDomains The Federal Government today announced they had shut down and indicted the founders and operators of Liberty Reserve, a digital currency operation running out of Costa Rica. The founder of the Liberty Reserve Arthur Budovsky , has been arrested in Spain on money-laundering charges. The Feds allege that the operation was a $6 billion money-laundering scheme. Authorities say the network processed at least 55 million illegal transactions worldwide. The indictment said the company had more than a million users worldwide, including at least 200,000 in the United States, and virtually all of its business was related to suspected criminal activity. Prosecutors said they seized 45 bank accounts allegedly used for the scheme. Liberty Reserve i...

Full article: http://www.thedomains.com/2013/05/28/feds-shut-down-digit...

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Liberty Reserve – a Costa Rican-based digital c...

coinbits.com 28 May '13, 5pm

Liberty Reserve – a Costa Rican-based digital currency service – has been shut down after the reported arrest of its founder.

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businessinsider.com 05 Jun '13, 2am

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spectrum.ieee.org 28 May '13, 5pm

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Another #Bitcoin Site Seized (via @businsiderau)

Another #Bitcoin Site Seized (via @businsiderau)

au.businessinsider.com 06 Jun '13, 6am

The domain of Bitcoin exchange wm-centre has been shut down by the government (as first observed by BitcoinByte and FT’s S...