WikiLeaks halts output amid financial woes

Julian Assange says WikiLeaks to stop publishing and try to raise funds after blockade imposed by financial companies.

    Assange said that WikiLeaks is to stop publishing and will try to raise funds in a bid to rectify its financial woes [EPA]

    Julian Assange, the WikiLeaks founder, has announced that financial problems may lead to the closure of the whistleblowing website at the end of the year.

    The website revealed on Monday that it would stop publishing for the moment in order to focus on making money, explaining that the blockade imposed by financial companies including Visa, MasterCard, Western Union and PayPal left it with no choice.

    "If WikiLeaks does not find a way to remove this blockade we will simply not be able to continue by the turn of the new year,'' Assange said in a statement.

    "If we don't knock down the blockade we simply will not be able to continue."

    The statement said that in order to ensure survival, WikiLeaks must "aggressively fundraise in order to fight back against this blockade and its proponents".

    US-based financial companies pulled the plug on WikiLeaks shortly after it began publishing about 250,000 US State Department cables last year.

    The group says the restrictions starved it of nearly all its revenue. 

    WikiLeaks has long shown signs of financial distress. In a recent statement about contested book deal of Assange's, the website said it did not have enough money to hire a lawyer.

    Assange remains under legal pressure in Europe and the US.

    A decision on whether to extradite him to Sweden to face sex crime allegations is expected in the next few weeks.

    He also may face possible legal action in the US.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.