Sunday, 09 May, 2021


WikiLeaks Claims Cryptocurrency Exchange Shut Down Its Bitcoin Account

WikiLeaks Shop logo WikiLeaks Claims Cryptocurrency Exchange Shut Down Its Bitcoin Account
Bennie Garza | 23 April, 2018, 19:24

Coinbase has shut down for the WikiLeaks shop because of the violations of its Terms of Service.

Fortune magazine reports that WikiLeaks is now calling for a boycott of Coinbase, but the digital currency exchange hasn't yet confirmed the ban.

San Francisco: Cryptocurrency marketplace Coinbase has shut the account of whistleblowing website WikiLeaks' Shop for allegedly violating its terms of service - which means it can not convert payments like bitcoin into conventional money.

In a message sent to The WikiLeaks Shop, Coinbase said: "Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms".

All of the shop's proceeds go to WikiLeaks' operations.

WikiLeaks Shop's tweet contains a screen grab from an alleged email from Coinbase that states the organization violated their Terms of Service and therefore "can no longer [receive] access to [their] service". It may be seen as unfit because, as BTC advocate Andreas M. Antonopoulos explained, Coinbase "repeated history" by cutting of Wikileaks' revenue steam, just like other payment processors did.

Last year, WikiLeaks leader Julian Assange used the social media platform to publicly thank the USA government for forcing the organization to use bitcoin to survive the banking embargo it faced. Users can pay for their items with a credit card, or via a variety of cryptocurrencies. Earlier, the US Democratic Party filed for WikiLeaks, accusing the organization of preparing a hacker attack during the presidential election.

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