What Happened to Liberty Reserve and your Money ?

We are all wonder, what happened with Liberty Reserve, they got hacked, any legal action taken by Government. well let me clear there is still not any official news from Liberty Reserve or any most reliable source. Over internet every one have different views, some people thinking that Liberty Reserve is hacked, some said its taken down by government and few believe that  LR scam now.

Its not the first time that Liberty reserve is down, its happened lot of times before with or with out official announcements. In 2012 even their website was down for more than 7 days.

Will Liberty Reserve shut Down forever ?

I have some friends on different community forums, one of them is very active in Payment Processing or E-money exchange stuff. He next have some contacts in Spain and Costa Rica. So from his friends he confirmed that, The news about an arrest of LR owner and the guy involved running LR, was confirmed through local print media.  So the news is real people. Still its not official and not fully verified.

Its also true that USA Government have eyes on on different payment processors and  LR is on the list. Because these payment processors or not under MSP (Money

Service Provider) Status, So transactions done with these companies may consider as Money Laundering.

Well its Saturday and tomorrow is Sunday, So many companies are closed on weekends, I suggest you all to wait till Monday for confirm news and real story behind this.

Future of Liberty Reserve ?

At the moment we can not predict any thing, until we know true story behind this issue. Nobody knows, Will it be allowed to get back online but with new rules ? Will LR officials hire good lawyers and get back online ?
They might get back online but block most accounts or hold majority of accounts and leave some open ? Who knows.

I don’t know Whether LR is gone for good or not but the thing i know is that I will lost up to $4000 (4 lac Rs) and lot of business. Of course not only me but millions of other users and exchanger may loss millions of dollars and think nobody can make any claims otherwise unless they have a time machine.

big grin
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Internet world is crazy, any thing can be happened any time for any reason.

Rais Zada

Well future of Liberty Reserve looks dark now, If LR manages to get back online than many user will be using it to get their money out and may stop using it. Perfect Money runs similar to LR and is targeted next. It is the most bad news in 2013.

26-05-2013: Recent update on Liberty Reserve situation

Last day I reported about the recent governmental crackdown on the Liberty Reserve, Today I confirm from different reliable resources that the News about the arrest of the people behind Liberty Reserve is True.

In 2011, Costa Rica’s financial regulatory authority, the Financial Institution Superintendency (SUGEF), closed Liberty Reserve, citing a lack of transparency and accounting of funding sources, However, Budovsky continued operating the company.

Police or related authorities arrested Liberty Reserve owner and seized computers, phones and documents from his home and office. I wonder if they start world wide arrests, as now they have database and all details of LR users.

Everyone (Specially members from USA) who was involved with HYIPs, Ponzi Scheme and other criminal online activity should start to seriously worry now.

This is the news that came up with the video (thanks to donothingmoney for translation):

This condominium (the one seen on the video) located in Santa Ana has been part of a series of raids that were conducted by the “OIJ” money laundering division in conjuction with the D.A. against organized crime.

The diligence was conducted in Spain after a man by the name of Arthur Budovsky with Costa Rican nationality was arrested.

Him and another ten person are being investigated for multinational electronic fraud in the range of several millions of dollars, the investigation was on going since 2011.

In Costa Rica servers, documents, computers and telephones were seized. On top of that vehicles Roll Royce and Jaguar valued at a bit less than half of million us dollars.

… The case remains open in Costa Rica and the assistance of the United States has been requested. In this case it was the United Sates who asked to international collaboration to do these raids.

Officials have not commented on how much money Liberty Reserve accounts handled, nor how many clients are affected by its closing.

About Rais Zada

Mr. Rais Zada is a proud Pakistani, student of Engineering, loves and believes to work hard with a great potential and determination, as he was a TROLL few years ago but N-O-W is a successful blogger and businessman (of course, thankful), beyond every thing, what he learns he is a zealous to transfer his knowledge via his well-writing and videos. Struggling on!
  • nasir


    • Editorial Team

      depends what kind of payment processor is using the respective company

  • Amriz Khan

    i read your article and it was true what r you trying to explain.

  • Aniha Ali

    Hello Guys, Today i read all conversation about LR here. i think all method of online earnings are scam. Everyday , thousands of websites come and claim for big things that We r legitimate and will change ur life etc etc, but after few months they disappear like ” Gadhay kay sar say seengh ” Mr. Rais Zada, i m familiar with this name on internet, i remember, if i m not wrong , i read his article about bux.to ( First Ptc site i joined 7 years ago ) very long time. After 1 year passing , i came to know that Bux.to is a big scam. I was very disjointed on that time. Then i search on internet and i found that there are alot of peopled , which they are complaining about this site. Then i read an article of Mr.Rais Zada about Ptc sites. He is still here and if he is really earning from internet. I request him, plz sincerely advise me that is there any kind of true internet job?? or all is scam??

    Waiting 4 ur Reply


    • Aniha fault is with people who want to work online not with those scam websites, we do not do proper research, proper learning so we fail. Yes I was doing working on PTC sites 4 years before and I mange to make few thousand dollars if not more but later I come to know that its total ponzi system and finally now a days PTC business is flop and just time wasting.

      Read my latest article how can students make money online, it may can help there are many legal ways to work over Internet.

  • Ronald

    I wish the USA government ask for the details for the people who lost and how much using their accounts then this can help by at list paying back 50% of the money each had in the account of Liberty Reserve. This money can come from that already seized in the bank. I do think this can work than all of us loosing our money yet this company have been in existence and we as clients don’t have any problem. What i would wish is the officials to help us and pay us at list 50% of the money.

  • basharat

    i also lost my registration with LR, ooooooonnnnnnnnnnn

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  • vivian

    if you know you lost your fund in LIBERTY RESERVE shot down, you do need to worry , just email me at [Will be published once legality verified] with your name and country , i will help you get your funds

    • I sent you email for Details, Thanks

    • Jason

      Hi Vivian..

      Would you like also to help me?

      May I know your email address..

    • Agha Haider

      sent the email plz

    • Yasir Mahmood

      Vivian I also lost my 940$ in liberty reserve Its great money for me


      sir i have also 4 lakh in LR please tell me what can i do. please please please help me all the money i have borrow from my family….

      • He can’t help any one actually.

    • Serah

      Hi! I don’t have your email address, plz paste your email address..vivian..really need to know what’s up… am from Nigeria…waiting for your feedback as soon as possible…Thanks

      • I contact him and he provide not any information

    • Ronald

      Dear Vivian, i am also one of those who lost my money in the closer of the LR account of about $50,000 and above and would like to have your help but need your real E-mail because have tried to reach you but in vein. Can you send me your mail and give you more updates. I wait for your urgent reply.

  • Mohsin

    Dear Admin I want to cashout $10 Payza to Pak Rupees.
    KIndly email me the details

  • shaukat

    I think money broker is safe for any kind of payment. I use it for forex deposit and withdraw the money many time witdraw take 3-4 working days.

  • Online Payment Processing

    Indeed a nice post and I really like reading High Risk and Off Shore Merchant Accounts, Third Party Payment Process, Payment Gateway Services related stuff on the web. You have beautifully explained the importance and updated news on the Payment Gateway Services. Keep up the nice posting as I have subscribed to your blog.

  • Faisal

    which 1 is more secure Perfect money or webmoney? or both plz tell me thanks

  • Khalid Salim

    Mr. Rais Zada, When you start PAYZA withdrawal service again? We all are waiting for that because LR gone 🙁

    I LOVE YOU LR please come back

  • Ghazanfar

    GOlden rule “Do not leave huge Funds in online payment processors”
    Internet/cyber world is unpredictable and still under evolution.

  • freelancer

    kya yar mera paisa :@ sad, i lost my trust in payza too :/

    • Payza is more secure and licensed

      • Saddam Bhatti

        I am amazed to read you comment Mr. Rais Zada.. About Payza.!!!
        Do You Really Think Payza Is More Safe As Compared To LR… Or Even ANY OTHER E-CURRENCY???
        The Worst E-CURRENCY Ever In E-WORLD is Payza…!!!!
        You Can Confirm It Via Other Exchangers Also …!!!

        • I know and agree Payza is The Worst E-CURRENCY, well when we refer to legal, they are licensed and legally incorporated, but LR and Perfect Money are not properly licensed

  • Monica

    So does that mean I cannot access Liberty Reserve at all online? and just have to sit and wait ? I mean I have never been in a situation like thins so this kind of thing scares me.

  • i also lost my money in LR….!:-(


    Jonathan Capistrano who contacted LR about the status of peoples funds was told that they will not be closing down but are taking a break and that LR will be back “new and better” and finally said that funds will stay there , with no reduction or increase in value.


    Joe Lewis
    UPDATE :

    It’s down but it’s site itself when checked is active. LR owner was been arrested due to a fraud that he’ site created. As you can see the nameservers are been changed to

    Shadowserver is used by the US Governments to seize a website that has did an online fraud. Basically, Libertyreserve is based on Costa Rica and US can’t do anything because it’s out of their juridical, so they contacted Costa Rica police etc. to cooperate with this and give them permission to do immediate action on this problem. They have been watched by the US Government since 2011 and they took action now. About the explanation I got from an LR staff. They will not close Okay? It’s not true that LR got hacked, they said they are just taking a break of whta happened back there. LR will be back with a new and better. They will not CLOSE , your funds will stay there, no reduce no increase. It will just stay.

    • Talha

      Can u give the time from of reopening the site ?

      • Asma (Pakearning Team)

        LR game is approx over

  • Yousaf Meera

    Janab. Why don’t we try to open PayPal in Pakistan…. Let start it…

    • Asma (Pakearning Team)
    • its a israeli company and pakistan not accept israel as a country thats why its hard paypal will come to pakistan

      • zameer

        janab PAYPAL is Australian company not Isreali……..

    • Kazmi

      Can we retrieve our lost money, if yeh, how….
      Is there any other way to change the online account

      • Sorry we all lost money that was in LR account

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