30 March 2017
Visit EBAday.com

WikiLeaks ceases publishing to fight 'financial blockade' as funds dwindle

24 October 2011  |  5953 views  |  0 Savings house in hands

Whistleblowing Web site WikiLeaks has suspended publication to concentrate on fighting the 'financial blockade' imposed by Visa, MasterCard, PayPal and others.

At a press conference, the site's founder, Julian Assange, claimed that 95% of revenues have been cut off because of the decision of firms, including Bank of America and Western Union, to block donations.

The blockade has seen donations fall from around EUR100,000 a month in 2010 to just EUR6000 a month this year, costing WikiLeaks up to EUR50 million.



The organisation has "commenced pre-litigation action against the blockade in Iceland, Denmark, the UK, Brussels, the United States and Australia," says a statement.

In addition "we have lodged an anti-trust complaint at the European Commission and expect a decision by mid-November as to whether the European Competition Authority will open a full investigation into the wrongdoing of Visa and MasterCard."

At the press conference Assanage said the decision to drop publication comes because if the current situation persists WikiLeaks will not be able to continue into the new year.

He accused Visa, MasterCard and PayPal of being agents of a right wing political grouping in the US and insisted that "a handful of US finance companies cannot be allowed to decide how the whole world votes with its pocket".



Although major donation routes are cut off, Assanage said money can still be sent using Bitcoin, SMS payments, some bank-to-bank transfers, cheques and cash.

Meanwhile, asked about the Bank of America files understood to have been taken by a former WikiLeaks spokesman, Assange said he was not hopeful of retrieving the information although he did indicate that he is in possession of information on other financial institutions.

Update
At the press conference, Assange listed digital money outfit UKash as one of several alternative payments option recently added for donations. However, the company tells Finextra that while it was approached by WikiLeaks around two weeks ago, it has yet to make a decision on whether to enable donations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

WikiLeaks' BofA files 'destroyed'

WikiLeaks' BofA files 'destroyed'

22 August 2011  |  7754 views  |  0 comments
FBI arrests 14 over PayPal cyber-attack

FBI arrests 14 over PayPal cyber-attack

20 July 2011  |  8294 views  |  0 comments
WikiLeaks files anti-trust complaint against Visa and MasterCard

WikiLeaks files anti-trust complaint against Visa and MasterCard

14 July 2011  |  7103 views  |  0 comments
Visa shuts down WikiLeaks payments workaround

Visa shuts down WikiLeaks payments workaround

08 July 2011  |  9022 views  |  0 comments
WikiLeaks to sue Visa and MasterCard

WikiLeaks to sue Visa and MasterCard

04 July 2011  |  9777 views  |  3 comments
WikiLeaks hacktivists take down MasterCard

WikiLeaks hacktivists take down MasterCard

28 June 2011  |  15791 views  |  1 comments
Security firms accused of pitching WikiLeaks sabotage plan to BofA

Security firms accused of pitching WikiLeaks sabotage plan to BofA

10 February 2011  |  10937 views  |  0 comments
Julius Baer whistleblower hands over offshore bank details to WikiLeaks

Julius Baer whistleblower hands over offshore bank details to WikiLeaks

17 January 2011  |  10121 views  |  0 comments
Bank of America 'war room' prepares for WikiLeaks revelations

Bank of America 'war room' prepares for WikiLeaks revelations

04 January 2011  |  12633 views  |  0 comments
WikiLeaks declares war on Bank of America

WikiLeaks declares war on Bank of America

20 December 2010  |  17655 views  |  0 comments
WikiLeaks day five: Moneybookers feels the wrath of hacktivists

WikiLeaks day five: Moneybookers feels the wrath of hacktivists

10 December 2010  |  17271 views  |  0 comments
WikiLeaks: Visa.com latest Operation Payback victim

WikiLeaks: Visa.com latest Operation Payback victim

09 December 2010  |  16422 views  |  2 comments
WikiLeaks: Merkel furious at MEPs over Swift data sharing deal rejection

WikiLeaks: Merkel furious at MEPs over Swift data sharing deal rejection

06 December 2010  |  14010 views  |  0 comments
Major US bank next in line for WikiLeaks

Major US bank next in line for WikiLeaks

30 November 2010  |  13387 views  |  4 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
Danish banks add Dankort payments to mobile walletsDanish banks add Dankort payments to mobil...
15092 views comments | 2 tweets | 7 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
13669 views comments | 53 tweets | 32 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
12439 views comments | 33 tweets | 45 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
8893 views 0 | 16 tweets | 4 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job