e-Gold Announcement

e-Gold has been the topic of much discussion on various forums lately, due to an article that appeared in Business Week concerning the usage of e-gold by cybercriminals. Activities such as money laundering, credit fraud and others were cited in the article, which led to much speculation and rumour on the Net. In fact, many people were talking about switching to alternative payment processors.

In response to the negative news, e-gold released a public announcement, explaining the recent events, and thus setting the record straight. The full text can be viewed at:

https://www.e-gold.com/letter.html


Other references:
https://www.financialcryptography.com/
http://www.businessweek.com/
http://www.fbi.gov - Operation Cyber Sweep