Since I launched my blog in 2010, about a dozen people contacted me to report someone took their LibertyReserve account down and emptied the funds. Someone could mysteriously reset their password. Finally
in all cases, my readers realised some fraudster caught them in a phishing e-mail or similar scheme. They naively thought the e-mail was an official communication from Liberty Reserve, while it was a disguise from a bold scammer. With these hard losses to assume, which could have been easily avoided, at least my readers gained experience . They adopted safe behaviors online especially with their e-mail accounts. They are now happy LR customers. DO NOT CLICK LINKS ! Do you remember your mom saying : ” Don’t trust strangers ” ?
Some individuals in forums recently suggested that the security breach ( if we can trust the honesty of the thread ) is coming from the LR side, not from the users’ bad behaviors. More precisely, from a current or retired LR worker who decided to butter his wallet by stealing people using a secret access. Maybe from a talented hacker ? Maybe LR itself ? Impossible is nothing.
My imagination pushes me further to an eventual collusion within our dear and very lucrative e-currency market. That would be to kick in the nuts of Liberty Reserve in forums and at the same time, praise for the new kid on the block : Asian Reserve . By the way, it will need several months to prove its value but it shows a good potential for success. You’ll recognize the LR feel to it. Anyway, back to our sheep!
Seriously, I wonder why this hypothetical March 2012 crook is not aiming at active LR accounts , which are known to the wide public. Forum posters are mentioning victims such as some unknown exchangers and a couple private accounts , which seems to get hacked over and over again. This is not serious. Or the crook wants to go unnoticed with his fraud… do you think ?
Tell me : if you were to start stealing people’s money , wouldn’t you choose your victims ? In short, how to steal as much as possible ? HYIP accounts would be good targets. Paid-to-surf, JSS Tripler, HYIP monitors, blogs and forums offering ads would probably do the trick for a paid vacation with the kids. Successful thieves tend to enjoy sunny paradises ; have you visited the Cook Islands already ?
Liberty Reserve has too much to lose . They can’t afford to lose our trust. We’re talking about big $$$ !
If LR users can’t protect their e-mail accounts , LR needs to do something about it. Believe it or not, several people surf the net unprotected and with risky behaviors. On the other hand, if the popular e-currency is facing corruption from the inside, I’m confident they’ll solve the problem efficiently as their business could be compromise. Of course and again, some dishonest fools could be spreading false rumors of a ghostly leakage in the LR security system. That would be just wrong to do !
Even then, I personally stay comfortable with the funds I have in my LR account. This situation is not serious enough for me to transfer that money into another e-currency. I’ll update if I get hacked.
In the next article, you’ll be able to ask your question to Uinvest and see if it’s a real, sustainable and legit investment opportunity. For me, so far so good since August 2010!
Stay tuned or get your free subscription to our online investors’ community. You’ll probably make more money online by keeping in touch with us. Oh and if you want to know, I’m waiting for replies from AlertPay and finCEN concerning my last article about the new US legislation for e-currencies.
Frank
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I have been hacked only once on my LR a/c for us$420 because I was a fool to open all the links from incoming mails from unknown senders and as all of us are aware there are so many hackers who have talented capability to hack into your a/c’s thus what I have done is to create 3 hotmail and 3 yahoo a/c’s as well as Gmail a/c’s to accomodate 3 of my LR a/c’s as well as using different browsers in particular I am using Comodo Dragon Browsers to get myself protected with my e-currency transactions.
Furthermore I am linking all my E-currency a/c’s to my Gmail a/c’s as Gmail has a double verification system which will not allow anybody to sign in to your a/c unless you receive your code by sms to your mobile phone which is possibly the best system of all as even for the owner of the a/c cannot sign into his or her a/c if he or she couldn’t provide the code unless he or she locks in to the personal computer over a 30 days period which has to be renewed after 30 days.
Also if there is any suspected mails coming into your Gmail a/c’s you will be notified and immediately can trace where the mails are sent from by the I.P. detection provided in the Gmail system thus to get yourself protected I suggest to use Gmail with the double protection to get yourself protected from hacking whether or not there is an inside job suspected in the LR working force or not as nobody can access your Gmail a/c with double protection either by getting the login code by SMS to your mobile phone or only from your own computer.
That’s interesting apirak. I have a referral from Vietnam in one program I joined. He knows my LR account # as I gave him 50% refback on his first investment. Since then I have received at least 3 ‘no-reply’ emails from LR (legitimate emails) to reset my account login code. I quickly enabled 2-step verification on my gmail after that. I just want to get rid of him as my ref now!
I got hacked for the tune of 400$ too. But I’m very cautious with emails and always check links. The hack took place when I tried to set up my own PTC site. As a former computer programmer I’d say there is a backdoor in the IPN and someone has figured out howto gain access. They also tried my AP account but couldn’t get in. The attack came from Vietnam and I traced it to a “Here not to be named” large ISP there but no action or response was given. Needless to say I use all the well known processors and have never had any problem but only AP and LR were in my IPN setup and they were the ones attacked and one of my first PTC members was someone from a Vietnam IP.
This is why I try to use AlertPay. And only use Liberty Reserve sparingly when a good hyip doesn’t accept AlertPay.
I’ve not been hacked ever, but I have always made the necessary steps to ensure that every HYIP i sign up for, and every e-wallet i sign up for has a different password, different username, different pin code from the next. I write this stuff down in a text file and store it in a truecrypt protected volume. This is because not only do I think the security of the e-wallets is bare minimum, but even worse, the HYIP admins IMHO are untrustworthy. If you use your same password for LR as you do for an HYIP, they could easily harvest your information and use it in an evil way.
anyways, that’s my 0.02.
True and you have done the riight things.
Hey frank…
I need some help… I have a little money in my alertpay account that I want to invest. Can you give me a few hyips that will take alertpay that look good to you?
Thanks,
Jeff
Hello my fellow onlinez business men and women or hyip players let us put and end or avoid been scam periodically by some unknown exchanger’s services or scam for selling of e-currencies and developed the habit of doing exchange within ourselve for example LR to AP or AP to LR as well as PP for free in order to maintaince proper security,if these sound interesting you can pm me at wisdomadooh@ymail.com,Hello Frank i will employ you to delibrate on this in order for it to turn effective you know how much will have been scam thanks
If we assume you have honest intentions, I igree you have a good idea. I already thought of setting up a free e-currency exchange but it’s too much job and monitoring. People will try to abuse it and people will file transaction dispute when exchanging LR to AP for example. How ? When the guy gets his LR, he simply file a transaction disputes to also recover his AP. Nice fraud huh ? I can talk by experience, as I accepted to help some guy 2 years ago nd he scammed me. It was not much , around 30 bucks, but the principle stays. Crooks are all over the place, and for some people 30 bucks is good money it seems, especially if they can scam , let’s say, 30 different people. I hope it’s not your case.
Frank, I know it’s not the right place to start a topic, but I wanted to ask if you have used or you know someone who have used Liberty Reserve Prepaid Debit card from http://www.dgccommunity.com? Is it a scam? The idea of having access to your LR funds via cash dispenser sounds very.. tempting.
in my opinion, liberty reserve e-currency is save. at least… my liberty reserve account never been hacked by anybody. but there are several tips on how to make our liberty reserve account save.
- never access your account from public computer or public wireless connection.
- separate your public email and an email that has a connection with our liberty reserve account (make a special email to manage your LR account).
- use antivirus/internet security on your computer and update regularly.
- after accessing our liberty reserve account, don’t forget to clear the cookies/recent history of our browser before accessing any other sites.
- etc…
It’s so sad that a lot of investors have their own share of experiences. Well, I am not left out too. Twice I was a victim of LR phishing email and website. The solution to this is to know that LR will only send you email notifications you’ve subscribed for. Also, enable the ip security and make your password as long as possible, I would suggest you use a sentence. In summary, I always publish the scammers latest LR email scams on my blog.
I am sure Liberty Reserve knows that they have the leak. I have traced the ip-adress from where a friend and I have been hacked and that leads to PROLEXIC. Beleave it or not but this is the IT company that is taking care of the security of Liberty reserve website.
We made a phonecall to prolexic and they came to the conclusion that LR should take care of this problem. My conclusion is that this has to be an insite (LibertyReserve) job. Of course LR is denying everything.
My solution was to make a NEW LRaccount everytime I need them and close the old account. DO NOT USE LibertyReserve IF YOU CAN USE ANOTHER E-CURRENCY.
I have already received two emails attempting to hack my LR account. The interesting thing is that the emails are actually coming from the “no_reply@libertyreserve.com” email.
I had an online chat with LR support and they could not directly address my concern regarding the origin of the hacking attempts since it is also the same email address I receive legitimate notifications from.
I’m led to believe then that someone in LR is sending out these attempts to hack at our accounts. You can fake a link but you cannot fake the email address since they are truly unique from any other in the world.
dear sir/madam
in the last week i invested $1.00 with vasco-forex.com from my liberty reserve accout they took all the money out of the account which was $61.25 i emaied liberty reserve seven times ant no reply from any of the emails.
kind regards
stanley pearson
It’s very obvious that LR is responsible for the scams. I really believe that LR admin are enjoying stealing people’s money. It never happened to me, but I’m terrified to use this e-currency. I’ve heard that Alertpay is quite safe. LR seems so safe when you login for the first time: password, one time PIN, IP change PIN, login PIN, master key……however, that’s only to disguise the bunch of scammers behind that. LR “security” is no good when it doesn’t protect us from themselves.
Does anyone know how to contact Liberty Reserve I’ve sent 3 emails and it’s been over 4 days and no response.
I have also been tricked. Out of all the money in my liberty reserve. I cheated on this website http://dividend-service.com. I just deposit $ 1 .. but all the money I lost .. but before it made the transfer, I have received emails from no_reply@libertyreserve.com .. liberty reserve suck…that is why i prefer paypal and skrill..and will NEVER join HYIP anymore……….
I have been hacked for investing $1 to dividend-service.com, they took all my money
I got hacked today.!!oh my god,a ID called luis hacked all my money.I never use my account with public computer.I dont open too many mails,there is no possible way that i will open emails from strangers.This payment processor is losing damn trust very quickly.It absolutely sucks.As their was no email given to me of the transfers.When I contacted them about why I was not receiving any email,they told me we are facing technical difficulties.Fuck Liberty Reserve.Changing to payza right from today.
interesting info on floating monitor logos, and hached lr account at strongwallet.biz now closed. is it possible for hackers to gain acess this way, through monitors?
Hi Frank, pls can u help us out by writting a review about LBR? LibertyReserve took my hard earned money after there mentainance. I login to my LBR Account today being 27th of August, i could nt see anything in my account, all my $350 just disappear. Pls FRANK what should i do next. Thanks 4 ur candid help
Pls Frank do u know anything about this investment website? goldenreturns.biz
Dear friends, my name is kelvin from Canada, i am into business,but it was not bringing out profit as it was supposed to, life was not what living cos things was bad for me financially, i have a beautiful wife with four kids to take care off. i sold my car and most of my property just to keep earns mate and still things was not going easily for me. so i complained to a friend of mine who said he knew a powerful spell caster from Africa called Dr.EGOGO who can perform magical money spell or good luck or automatic promotion in office, making someone love you back, spells to bring close one in jail or lost back home,healing spell etc.that help straightened his brother life from taking hard drugs. At first i was confused and doubtful, then i decided to give a try and did what Dr.EGOGO told me to do, to my surprise 3 days later things started going well for me, i got what i ever bargained for, my business was flourishing like never before, i now have
enough money to take good care of my family and we are living happily,I thank His greatness Dr.EGOGO for bringing my source to hope and joy with his powerful spell,well if you want to be a living testimony like me or interested in any spell casting you can contact Dr.EGOGO via this email egogotemple@yahoo.com
hi! good news for investor. recently one of my friend told me about a site which is giving minimum 3% daily profit , it is properly registered , i have invested 10$ which will be double in almost a month , so if any one is intrusted contact me on my email , i will guide u , and i will tell u security tip too… i repeat its not joke or scam , only serious ,intrusted people contact me on coco.mo.pk@hotmail.com
Dear friends,
Me too a victim of Liberty Reserve.Their 3 step security etc are bull shit!I invested 1$ in http://www.1usdriches.com and my total fund of 44USD vanished from the account. I mailed to LR on this but no reply. PAYZA and Paypal is very good.My advice is stay away from LR and it is pure scam!!
Please your advice, I tried converting my lR money to pm on instant-changea.webs.com since them my money have not enter in my pm account. That was yesterday by 4pm
My experience with LR has been disastrous. My first LR account was hacked twice. My account settings were changed before the hackers logged in! Even I can’t do that to my own account, I need to log in before settings are changed. Someone has a sneaky script, just google for LR hacks you’ll see. Even changing login codes didn’t help, it was hacked again.
I reported to LR but their response was to blame me. They did nothing more so I opened a second account and after several months when I thought that account was safe the hackers struck the new account. I had never used that account for a spend. Again security settings were changed disabling payment notifications and enabling quick payments.
The hackers transferred the balance to LR accounts U5772945 (ejob) and U8799554 leaving false merchant references. When I inquired of one merchant they told me that they didn’t even have a LR account as theirs had been similarly hacked a year ago and won’t use LR again.
Fortunately the balances were only small. There wasn’t much in the accounts as I’ve had no success transferring cash to LR, the exchanges never made it into LR.
I never access LR from a public computer and I have a firewall and virus scanner.
I now try to avoid LR. LR security just sux!
Is LR just a payment processor for crooks?
If you want to keep your cash DON’T USE LIBERTY RESERVE.
!!! DON”T TRUST LIBERTY RESERVE !!!
P.S. LR transaction history function also sux. All in all Liberty Reserve is a payment processor to AVOID.
Dear Frank
Can you give few names of reliable HYIP,pl?