Liberty Reserve has been shut down after the arrest of it's founder, Arthur Budovsky, on suspicion of money laundering.
The question now will be what happens to the money that people had sitting in their accounts.
It's been hit and miss for years, and a high-risk money system to say the least, but it looks like this might be the nail in the coffin.
The website - https://www.libertyreserve.com
- now shows a blank page, DNS offline.
A number of other virtual currency exchanges were also taken offline:
asianagold.com, exchangezone.com, moneycentralmarket.com and swiftexchanger.com. All above domains now point to domains owned by Shadowserver, a non-profit that fights cybercrime.
The shutdown of LibertyReserve most likey will mean a boon for the BitCoin group - but that too will face hurdles for the future.