WikiLeaks Calls For Coinbase Blockade After Account Ban By The Exchange

Stan Peterson
April 21, 2018 Updated May 16, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

 

Cryptocurrency exchange Coinbase has reportedly suspended the crypto account of WikiLeak’s merchandise arm, WikiLeaks Shop without any explanation. Now, WikiLeaks is calling for a global blockade of Coinbase.

Advertisement
Advertisement

WikiLeaks shop account suspension by Coinbase, call for a boycott

On Friday, WikiLeaks, an international non-profit organization that publishes leaked, classified and secret information provided by unknown sources took to Twitter to report Coinbase, one of the biggest cryptocurrency exchanges has banned their merchandise store, WikiLeaks Shop.

Coinbase has reportedly blocked the WikiLeaks Shop’s crypto wallet account without any prior information or explanation.

In response to this, the whistleblowing organization is now calling for a global blockade of the Coinbase. WikiLeaks claims that the cryptocurrency payments processor and exchange is working under a concealed influence and is now asking the cryptocurrency community to boycott the exchange.

 

The tweet by WikiLeaks also captures the alleged email from Coinbase that states the organization has violated that crypto company’s terms of service and hence, they can no longer provide them access to their service.

 

Coinbase has yet to respond to the specifics of blocking the WikiLeaks Shop’s crypto account and its violation.

Also, read: Breaking: Cambridge Analytica Was Involved With A Gangster Connected Crypto Firm

Crypto community comes forward in support

WikiLeaks Shop basically sells merchandise like posters, t-shirts, and hoodies etc. to help fund the operations of WikiLeaks. It accepts various cryptocurrencies as payment from Bitcoin, Bitcoin cash, Ethereum, Neo, Dash to Litecoin, ZCash, Monero, Dogecoin, Dash and Vertcoin via Coinpayments.net.

Several Crypto community members came forward and vowed to abandon the platform. One such member is the bitcoin advocate, Andreas M. Anthopoulos who tweeted that “we have come full circle” and Coinbase has “repeated history” as when in 2010 WikiLeaks was boycotted by most of the major banking systems, bitcoin played an important role for WikiLeaks and that was when many people’s interest ignited in crypto.

 

Last year, Julian Assange thanked US government for forcing the organization to use Bitcoin as it resulted in a 50,000 percent return for WikiLeaks.

A few years ago, in a similar case, MasterCard and PayPal launched a blockade against WikiLeaks. Due to the ban, PayPal had to face a massive backlash from the public and then eventually had to restore the organization’s services.

Do you think Coinbase will retract on WikiLeaks Shop account ban?

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.