Underweb Payments, Post-Liberty Reserve
Summary: After the U.S. seizure of Liberty Reserve, cybercrime forums debated which virtual currency would replace it, with many members reporting losses of tens of thousands of LR dollars. Commenters argued Bitcoin's price volatility made it unsuited for criminal commerce, while WebMoney, Perfect Money, and new forum-run currencies were floated as alternatives.
Bottom line: Perfect Money closed accounts of active users and stopped taking U.S. registrations, and one Carder.pro administrator responded by planning a carding payment system hosted in North Korea or Iran - a sign that takedowns push criminal finance toward jurisdictions beyond U.S. reach rather than eliminating it.
Read the original at Krebs on Security ↗
- Topics
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