Feeds

WikiLeaks on verge of financial collapse, founder says

Whistleblower to cease whistleblowing (for now)

The essential guide to IT transformation

WikiLeaks will temporarily stop publishing so members can address a cash shortage that could cause the whistleblower site to financially collapse by the end of the year, founder Julian Assange said on Monday.

The dire financial picture comes 10 months after PayPal, MasterCard, Visa, and other payment services significantly curtailed WikiLeaks' ability to raise funds by refusing to process payments from supporters. Assange told journalists in London that donations to the site have all but dried up since the embargo was put in place. Last year, the average cumulative total was about 100,000 euros, compared with 6,000 euros to 7,000 euros this year.

“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 at a press conference. “If we don't knock down the blockade we simply will not be able to continue.”

WikiLeaks has about 20 employees and needs about $3.5 millions to sustain it through 2013, he added.

A PayPal executive said in December that the decision to block payments to WikiLeaks came after officials with the US State Department warned executives that WikiLeaks was engaged in illegal activity. WikiLeaks has since sued Visa and MasterCard over the blockade.

With grass-roots fundraising thwarted, WikiLeaks has recently begun focusing on new sources for donations. Lunch with the 40-year-old Assange and a laptop he used to organize a dump of US diplomatic cables have both been auctioned off. He said he was now looking to a “constellation of wealthy individuals” to keep his site running.

Perhaps WikiLeaks' best-known wealthy benefactor is Frontline Club founder Vaughan Smith. Assange has spent the past few months under house arrest in Smith's mansion in Eastern England. A decision on whether Assange will be extradited to Sweden is pending.

More from The Guardian and the Associated Press is here and here. ®

5 things you didn’t know about cloud backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?