“Budovsky said his problems began in 2011, when the FBI asked him for the source code of the software that powered the online currency transfer business. Budovsky suggested that U.S. authorities wanted to use it to undermine his business, the Associated Press reported. ‘I refused. It’s like asking Coca-Cola for their secret formula,’ he told the court through an interpreter. Budovsky said that the confiscation of Liberty Reserve’s servers allowed the United States to access financial information on some 800,000 users and 44 million transactions. He also suggested that his decision to renounce his U.S. citizenship may have labeled him a ‘traitor’ and played a role in his arrest.”
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