Wikileaks says it'll have to close to raise funds 7 replies

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Commissar MercZ

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29th January 2005

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#1 7 years ago

(Reuters) - WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by U.S. firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday.

After releasing tens of thousands of confidential U.S. government cables, WikiLeaks needs $3.5 million over the next year to continue operating, Assange said.

Visa and MasterCard stopped processing donations for WikiLeaks in December 2010 after the United States criticized the organization's release of thousands of sensitive U.S. diplomatic cables from its embassies all over the world.

In the 24 hours before credit card donations were blocked, the organization said it had received $135,000. Now, it is receiving on average about 7,000 euros ($9,700)a month.

Assange said there were no lawful grounds for the blockade by Bank of America Corp, Visa Inc, MasterCard Inc, eBay Inc unit PayPal and Western Union Co, which he said had cost Wikileaks 95 percent of its revenue.

"If WikiLeaks does not find a way to remove this blockade, given our current levels of expenditure, we will simply not be able to continue by the turn of the year," Assange told a news conference.

In July, WikiLeaks filed a complaint to the Directorate-General for Competition of the European Commission, saying Visa and MasterCard had breached antitrust provisions set out by the EU Treaty.

Assange, who is fighting extradition from Britain to Sweden, where he faces allegations of sexual misconduct, said he hoped the European Commission would make a decision to hold a full investigation by mid-November.

In interviews last year, Assange said WikiLeaks had extensive internal documents from a bank, believed to be Bank of America, an announcement that knocked 3 percent off the value of the bank's shares.

However, on Monday he said this data was now out of WikiLeaks' hands and in the possession of an unnamed suspended WikiLeaks employee.

"At this stage, we do not believe, unfortunately, that we will regain that material, which is a great loss," he said.

Daniel Domscheit-Berg, who last year was fired by Assange as WikiLeaks' co-spokesman, told Reuters in August that he had destroyed about 3,000 submissions that WikiLeaks had received relating to Bank of America.

Wikileaks for its parts blames the difficulty in receiving funds now due to the blocks various banks and paypal has placed, making anonymous internet donations that wikileaks encouraged very difficult. I suppose this also complicates things for wikileaks after it reported a massive leak of documents a few weeks back, which it blamed on the careless behavior of another news firm with the password to the insurance file.




Inyri Forge VIP Member

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#2 7 years ago

I love the seemingly random and irrelevant mention of Julian Assange's sexual misconduct in Sweden.




Darkness Knight 15

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15th May 2003

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#3 7 years ago

I was reading about those bank and pay service blockages the other day. God... One would think that in a world that appreciates knowledge would also appreciate a source for uncensored information. I guess all the big companies want nothing out there that could hurt their business. All the same, this is really unfortunate.




D3matt

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20th November 2007

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#4 7 years ago

This is most promising news. Can we shut down 4chan next?




Emperor Benedictine

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#5 7 years ago
D3matt;5577780This is most promising news. Can we shut down 4chan next?

Let's just shut down every site that has the temerity to be against the corruption of western governments and corporations. :rolleyes:




Guest

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#6 7 years ago

This is getting too espionage-y movie plot. This also means knowledge is power and some powerful people don't want to share their powers.




D3matt

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#7 7 years ago
Emperor Benedictine;5577814Let's just shut down every site that has the temerity to be against the corruption of western governments and corporations. :rolleyes:

You mean one specific government that already has enough problems? Shall we start revealing everybody's secrets as well?

I also don't see how a website can possibly cost $3.5 million a year to run...




Commissar MercZ

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#8 7 years ago

D3matt;5577929You mean one specific government that already has enough problems? Shall we start revealing everybody's secrets as well?

I also don't see how a website can possibly cost $3.5 million a year to run...

They have employees to pay as well as legal costs and defense from cyber attacks. There'a also the matter of paying for a site that can handle their traffic, and doing this for the 50 or so other sites geared towards accessibility for other countries.