‘Unfit Member’: WikiLeaks Calls for Global Blockade of Major Crypto Trader
REUTERS / Peter NichollsBusiness10:08 24.04.2018(updated 10:10 24.04.2018) Get short URL1120
WikiLeaks has accepted bitcoin donations to help support its platform and fund the legal costs of its founder, Julian Assange, who has spent almost six years in Equador’s London embassy.
WikiLeaks is calling for a global blockade of one of the world’s largest crypto-trading exchanges, Coinbase, a large California bitcoin processor, deeming it “an unfit member of the crypto community” after the company banned the whistleblowing organization’s online store from using its services “without explanation.”
Even though the WikiLeaks Shop mainly sells WikiLeaks-related merchandise, such as T-shirts, hoodies, posters and accessories to help fund its operations, Coinbase has called the shop a “violation of the company’s policy” — a very vague statement, which leaves a lot of room for speculation, and the bitcoin community is seriously worried by the payment processor’s decision.
WikiLeaks Shop began accepting payments via several cryptocurrencies including Bitcoin, Ethereum and Litecoin in 2010 after Paypal, Visa, Mastercard, and Bank of America all prohibited donations to the whistleblowing organization after it released thousands of classified US diplomatic cables online.
Julian Assange has lived in the Ecuadorian embassy since he applied for asylum in June 2012 to avoid extradition to Sweden over allegations of sex crimes which he denies.
Assange fears that he might be extradited to the United States over his whistleblowing organization’s exposure of classified documents.
Last week, the New York Attorney General launched a probe into Coinbase and 12 other major cryptocurrency exchanges as authorities attempt to ensure greater protection for their customers.
READ MORE: ‘Politically Motivated Prosecution’ — WikiLeaks Ex-Spokesman on Assange Warrant