U.S. shuts alleged cyber-criminal money transfer system

By Emily Flitter NEW YORK (Reuters) – U.S. authorities said on Tuesday they have shut down a Costa Rica-based money transfer company that allegedly provided a digital currency widely used around the world by cyber-criminals. In a statement, officials said authorities in Spain, Costa Rica and New York arrested five people on Friday and seized bank accounts and Internet domains associated with the company, Liberty Reserve. The digital currency is a transferable unit that can be exchanged for cash. …

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