WikiLeaks has had 95 percent of revenue destroyed
WikiLeaks has dealt with a lot of controversy in the past year. Now, it has announced that it is halting publication temporarily in order to “aggressively fundraise.”
CNN reports that 95 percent of WikiLeaks’ revenue has been destroyed due to the financial blockade by the likes of VISA, Bank of America, MasterCard, PayPal and Western Union.
“Our scarce resources now must focus entirely on fighting this unlawful banking blockade,” WikiLeaks founder Julian Assange said. “If this financial attack stands unchallenged, a dangerous, oppressive and undemocratic precedent will have been set, the implications of which go far beyond WikiLeaks and its work.”
Assange continued, saying that WikiLeaks had been running off of cash reserves for the past 11 months. According to Assange, WikiLeaks has 100,000 “pending publications” and needs $3.5 million to operate for the next year.
The financial blockade occured after WikiLeaks published U.S. diplomatic cables. U.S. authorities have called the publication illegal and dangerous to individuals and national security.
“WikiLeaks has … ignored our requests not to release or disseminate any U.S. documents it may possess and has continued its well-established pattern of irresponsible, reckless, and frankly dangerous actions,” U.S. State Department spokesman Victoria Nuland said.
Read more about WikiLeaks here.