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Re:Liberty Reserve Founder Arrested, Site Shuttered by the_mitsuhiko on Sunday May 26, 2013 @10:34AM (#5771170)
You don't even need a source for this, it should be obvious that it's used for that.
Re:Liberty Reserve Founder Arrested, Site Shuttered by gbrindisi on Sunday May 26, 2013 @10:50AM (#5771218)
I know it's used for child pornography, carding and malware related incomes but not for child slavery.

From the little I saw on underground forums LR is used for mid to low criminal incomes, by the like of botnet herding profits and carding infos trade. For things bigger and riskier like cashing out massive amounts of stolen cards and bank drops it's my understanding that cybercrooks are using money mule schemes and networks of off shore companies, not LR or similar... I'd flag child slavery as an high risk activity which can't be done just trough LR-like currencies, that's why I was asking for some sources.

Re:Liberty Reserve Founder Arrested, Site Shuttered by shocks on Sunday May 26, 2013 @10:41AM (#5771186)
You mean exactly the same way that pound sterling and dollar are used for illegal things too?
Re:Liberty Reserve Founder Arrested, Site Shuttered by lmm on Sunday May 26, 2013 @11:28AM (#5771321)
I understood that large criminal transactions were generally done in CHF - larger-denomination notes available, and it avoids currency conversion costs when you're withdrawing from one Swiss account and depositing into another.