WikiLeaks Suspends Publishing to Fight Financial Blockade

Monday Oct 24th 2011 by Staff

Donations have fallen off by 95 percent due to banks' refusals to do business with the organization.

The Guardian: WikiLeaks co-founder Julian Assange says that the whistleblower website will be "simply not able to continue" unless the world's major financial institutions reverse their policy of not allowing payments to the organization. Before Bank of America, Visa, Mastercard, PayPal and Western Union stopped doing business with the site, WikiLeaks was receiving an average of €100,000 a month. Since the ban, donations have fallen to €6,000 to €7,000 per year, for a total of €40 million to €50 million that Assange believes the ban has cost the organization.

As a result of the financial shortfall, WikiLeaks says it will not be publishing any more documents while it focuses on raising money.

Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved