Saturday 25 May 2013

Liberty Reserve closed?

The Liberty Reserve website is unreachable at the moment.
It's not the first time that it happens but as usual panic seems to spread very quickly in the hyip jungle.
There are rumors about the site being hacked and all funds being stolen, about an admin being arrested in Spain and so many other stories.
Is anything true? We don't know.
Will Liberty Reserve come back? No one knows but let's hope so.
Liberty Reserve is the most used paying processor in the hyip jungle so obviously if it disappears with all funds it will cause an enormous damage to the hyip world. Nonetheless, it is obvious that it has to be considered a main target for online burglars so the funds are never 100% safe in any paying processor.
As usual, diversifying is the best choice, keeping some funds in all paying processor.
If LR disappears I will loose about the 50% of the capital I use for hyips. A big damage but these risks have to be calculated in this jungle. Anyway the other 50% that I have in other paying processors will let me continue playing in this strange and risky game.

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