Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Travel » WikiLeaks in Dire Financial Trouble

WikiLeaks in Dire Financial Trouble

By
Add to Favorites:
WikiLeaks in Dire Financial Trouble

Julian Assange made an announcement recently that he may have no other option than to shut down his website, WikiLeaks, by the end of the year. The site has been struggling financially over the past 10 months due to a blockade put into place by eBay, PayPal, Western Union, MasterCard, Bank of America, and Visa that prevents any donations made to the site from coming in via those channels. The restriction was enacted upon the heels of the organization releasing thousands of sensitive diplomatic cables from U.S. embassies all over the world.

“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 announced at a news conference that was held on Monday, according to Reuters.

WikiLeaks depends on donations to survive. Reuters reported that during the 24-hour period prior to the blocking of credit card donations, the organization reported receiving some $135,000. Currently, it is only pulling in an average of $9,700 in donations a month.

Assange claimed that the blockade, which he asserts has no legal grounds, has eliminated “95 %” of the Web site’s revenue, costing the group “tens of millions of dollars.” He went on to refer to the blockade as a “dangerous, oppressive and undemocratic” attack led by the United States, according to The New York Times.

As reported by TheNew York Times, Assange additionally stated that WikiLeaks and he were victims of a United States Treasury–led campaign “conspiracy to smear and destroy” them. He also claimed that American intelligence agencies and “right-wing” forces in the U.S. are involved. He declared that there were “high-level calls” to assassinate him and other WikiLeaks associates; however, he did not support the allegation with specifics.

The Web site WikiLeaks accepts confidential documents from leakers and whistle-blowers, and then publishes them online. Assange claimed that, as a result of the financial blockade, WikiLeaks has been forced to cease work on the processing of tens of thousands of secret documents that are in its possession. It has had, instead, to focus attention on lawsuits that have been filed in the United States, Australia, Scandinavian countries, and elsewhere. There is also been a formal petition made to the European Commission in an attempt to restore the site’s ability to receive money from donors sent via normal channels.

Add to Favorites:

Related News:

Talking About Money Equals Happiness

By Dar Dowling, Posted: September 23, 2016

Love and money are the two biggies in life and relationships, and now, according to a new study by TD Bank, couples who talk about money have a higher happiness factor than those that don't. Continue reading
Credit Card Limits Up, Up and Away

By Dar Dowling, Posted: September 22, 2016

Credit card limits had an upswing during the first six months of this year, according to a new study by Experian, with credit card limits in both the subprime and deep subprime credit range equaling $6.4 billion – the largest amount in the ... Continue reading
Students Looking to Sharpen Financial Skills

By Dar Dowling, Posted: September 21, 2016

School days are upon us and financial literacy is on students'minds, according to the U.S. Bank Student and Personal Finance Study. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit
For Excellent/Good Credit
Earn 30,000 American Airlines AAdvantage® bonus miles after making $1,000 in purchases within the first 3 months of account opening
For Excellent/Good Credit
$250 Air Travel Credit each year
For Excellent Credit