DIGITAL CURRENCY SERVICE ACCUSED OF LAUNDERING $6 BILLION

Digital Currency Service Accused of Laundering $6 Billion

The US government has shut down a Costa Rica-based digital currency service called Liberty Reserve, alleging that it laundered more than $6 billion in illicit funds. The service had more than a million users worldwide, nearly all of whom, officials suspect, were using it in relation to criminal activity, including child pornography, drug traffickingidentity theft, and hacking. Over the weekend, police in 17 countries carried out raids in which five of the company’s principals were arrested and bank accounts, Internet domains, and computer hardware linked to the operation were seized.More… Discuss

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