“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.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
UK government 'mansion tax' proposal will include property over £2m
Bill to Restrict N.S.A. Spying Blocked By Senate Republicans
Prodi: Germany should seize opportunity to re-conquer Europe
Federal "Compassion" at work: Sandy Victims Imprisoned in FEMA Camps
Berliners lead the way in use of bitcoin
Russian central bank ready to step in to stop ruble panic
Greenwald: NSA's view of drone opponents as 'threats' and 'adversaries'
Prominent Russian Economist Flees Country
Bloomberg: Bitcoin May Be the Global Economy's Last Safe Haven
Greenpeace ship defies Russia, enters Arctic route to protest against oil drilling
CIA's legacy of torture lives on in Thailand's 'black site'
FBI surrounds house of Saudi student after carrying pressure cooker full of rice
Feds Offering $48/hr To Obamacare ‘Navigators’ Who Can Actually Explain Obamacare
Study: High-volume Bitcoin exchanges more likely to suffer breach
Girl, 11, ordered not to sell mistletoe; begging for braces money is fine