WikiLeaks, the international non-profit organisation that publishes submissions of private, secret, and classified media from anonymous news sources, news leaks, and whistleblowers may be forced to shut down its operations due to a financial crunch. The website said it is temporarily suspending all publishing operations and concentrate on raising funds as it faces a financial blockade by US firms such as Visa, MasterCard, PayPal and others.

Julian Assange, founder of wikileaks said:

[box_dark]“This financial blockade is an existential threat to WikiLeaks. If the blockade is not torn down by the end of the year, the organization cannot continue its work.” [/box_dark]

He further added by telling that the payment companies had bowed to political pressure from Washington and have prevented WikiLeaks financial contributors from supporting the cause of their choice.

The website had then filed a complaint with the European Commision’s anti-trust authorities in July and Kristinn Hrafnsson, a spokesman for WikiLeaks, expects they would decide to open the probe by mid-November.

WikiLeaks needs $3.5 million in the next 12 months if it wants to operate at a similar level to recent months, say Assange.

Source: WSJ