Starting from November, 20 all the restrictions on the withdrawal of funds previously added from the Liberty Reserve payment system are removed by MFX Broker! Using its own assets the company will compensate the funds which their clients have lost while using this payment system.
Aleksandra Koroleva, the head of MFX Broker financial department:
"The quality of service is a priority task for the company. In the case of the failed LR payment system the clients suffered the most. From our side we are trying to do our best to make up for their losses. The funds compensation in this case is aimed to make a full stop in the situation LR and with problems of our clients in withdrawing funds."
Withdrawal limitations are no longer applied to all clients whose total deposit amount from Liberty Reserve is less than or equal to $10 000. Money can be withdrawn via absolutely any payment system of MFX Broker.
Starting from 25 November 2013 for all clients with total deposit amount added from Liberty Reserve exceeding $10 000 servicing of accounts is ceased in accordance to article 1.4. of MFX Broker's Financial regulations. The company’s representatives will additionally contact owners of the accounts and provide more information on servicing seizure order.
Liberty reserve electronic payment system was founded in 202 in Costa-Rica by Artyr Budovsy-Belanchuk. By the moment of closure Liberty Reserve was the world’s largest anonymous electronic payment system. It’s turnover amounted to billions of USD.
In summer 2012 Liberty reserve started to block accounts of its users without notification. On 29 March 2013 supreme court of Costa-Rica decided to liquidate Liberty reserve S.A.