WikiLeaks in Dire Financial Trouble - Travel News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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

WikiLeaks in Dire Financial Trouble
The content is accurate at the time of publication and is subject to change.

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.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Paying Bills is Getting Easier with Mastercard Bill Pay Exchange

Posted: October 17, 2018

MasterCard is looking to help consumers pay their bills more easily and quickly with Bill Pay Exchange, a new digital solution they are launching. The Bill Pay Exchange will let people manage and pay all sorts of monthly bills ranging from ... Continue reading
Synchrony and JCPenney Are Still Partners

Posted: October 16, 2018

Synchrony and JCPenney have inked a multi-year deal extending their strategic partnership, which includes their private label credit card program and the JCPenney MasterCard. This extension means that the two will continue to work together ... Continue reading
American Express Makes Referring a Friend to Their Credit Cards More Rewarding

Posted: October 15, 2018

Getting a hefty bonus for referring a friend to American Express can be a great way for cardholders to bank points. The good news is that it just got easier, and perhaps more lucrative due to an upgrade in the American Express refer a ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
NEW: Earn 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening*
For Excellent Credit
Enjoy 60,000 bonus miles after spending $5,000 on purchases in the first 90 days
For Good/Excellent Credit
See Rates & Fees
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!