WikiLeaks founder, Julian Assange, told a London news conference that his website would soon cease to exist unless it is able to end a financial “blockade” by U.S. firms.
“Since December 7, 2010, an arbitrary and unlawful financial blockade imposed by the Bank of America, VISA, Mastercard, Paypal and Western Union has destroyed 95% of our revenue.”
Visa and Mastercard stopped processing donations for WikiLeaks in December 2010 after the United States criticized the organization’s release of tens of thousands of sensitive diplomatic cables.
“In order to ensure our future survival, WikiLeaks is now forced to temporarily suspend all publishing operations in order to direct all of our resources into fighting the blockade and raising funds.”
He said WikiLeaks would need $3.5 million over the next 12 months to maintain its current levels of operations.
In July, WikiLeaks filed a complaint with the European Commission, saying Visa and Mastercard had breached antitrust provisions set out by the EU Treaty.
Bottom line: WikiLeaks founder, Julian Assange, says his website could cease to exist unless it’s able to end a financial “blockade” by U.S. credit card firms.