Liberty Reserve On Problems

Liberty Reserve is really unstable for the last 2 weeks. Liberty Reserve website became unavailable on February 18th without any timely publication, but the whole thing was fixed within more than a few hours.

The next downtime happened on February 21th. LR staff became required to make a notice on their blog about the cause of recent downtimes. When the site came back online some users met the problem with login to their accounts (system didn’t accept their passwords). A lot of members left their reports about a problem of accessing the site via API. To resolve this problem the site was closed again for repairs on February 25th and on February 27th. But on February 28th LR came with the announcement of a new maintenance: "Once we started upgrading the SSL and finalizing the setups we have decided to finish all other pending Cisco updates as the system is experiencing less traffic over the weekend and the effect on the system should be minimal." even with the fact that the reason of the downtime was announced on LR's blog users started worrying and after 24 hours of the downtime the situation turned to a panic.

It is necessary to say also that during the last weeks users have claimed that their personal accounts were hacked and money was stolen. Some internet resources contain reports that LR was hacked via API, but it's not reliable information.

However the reputation of Liberty Reserve is broken.