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WikiLeaks Loses Access to a Key Cryptocurrency Account

posted by martyb on Monday April 23 2018, @01:40PM   Printer-friendly
from the eggs-and-baskets dept.

Fnord666 writes:

This hasn't been the best week for WikiLeaks, to put it mildly. Coinbase has shut off the WikiLeaks Shop's account for allegedly violating the cryptocurrency exchange's terms of service. In other words, the leak site just lost its existing means of converting payments like bitcoin into conventional money. While Coinbase didn't give a specific reason (it declines to comment on specific accounts), it pointed to its legal requirement to honor "regulatory compliance mechanisms" under the US' Financial Crimes Enforcement Network.

This doesn't prevent WikiLeaks from accepting cryptocurrency, but it will have to scramble to find an alternative if it wants to continue taking digital money from customers buying shirts and coffee cups. Unsurprisingly, the organization is less than thrilled -- it's calling for a "global blockade" of Coinbase, claiming that the exchange is reacting to a "concealed influence."

Source: https://www.engadget.com/2018/04/21/wikileaks-loses-coinbase-account/

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  • (Score: 2) by fyngyrz on Monday April 23 2018, @09:26PM

    by fyngyrz (6567) on Monday April 23 2018, @09:26PM (#670892) Journal

    Where did you get that $100 bill? Did you get it from an ATM? Many of those charge fees, and if your bank is one that absorbs the ATM fees for you, you still have to get yourself to the ATM, transact with it, and then carry that $100 around in your pocket at risk of loss.

    I get almost all of mine these days from being handed them by actual human beings buying stuff from me. This is not an accident.

    Again, risk...

    Which is why I said "You have to be at least somewhat clever about it, but that's true of growing net worth for most people anyway." It works out very well in my case; the strategies I have chosen have been effective thus far. It's not for everyone, certainly.

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