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WikiLeaks Plans to Call for a Blockade of Coinbase After Its Store Is Shut Down by the Exchange

Cryptocurrency NewsApr 22, 2018 05:31PM ET
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WikiLeaks Plans to Call for a Blockade of Coinbase After Its Store Is Shut Down by the Exchange

Wikileaks claims Coinbase shut down its shopping outfit without any explanation or warning.

Peeved over the move, Wikileaks is calling for a global blockade of Coinbase, calling it an “unfit member of the crypto community.”

Let’s get right to it.

Business not wanted

Coinbase’s action specifically relates to the Wikileaks Shop, which sells a host of gear, such as T-shirts, mugs and books. The store accepted cryptos.

The letter sent to Wikileaks by Coinbase states:

Coinbase is a regulated Money Service Business under Fincen [and is] obligated to implement regulatory compliance mechanisms. Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service.

The letter goes on to provide instructions for Wikileaks to withdraw its remaining balance, and ends:

We respectfully request that you follow the on-screen instructions presented when you log into your Coinbase account to send any remaining balance offsite to an external address.

While Coinbase, nor Wikileaks, revealed exactly what led to the store being shut down, you can glean from Coinbase’s letter that it has concerns about Wikileaks’ operations being legitimate. One of Money Service Businesses’ charges relates to preventing money laundering.

Retaliating

Clearly, this didn’t sit well with the notorious whistle-blowing outfit founded by the infamous Julian Assange, who’s now a fugitive from the law. He’s reportedly hiding out in London.

Wikileaks responded almost immediately upon receiving Coinbase’s notice. In a tweet, its officials called for the crypto community to stop using the exchange.

In response to Coinbase’s action, Wikileaks tweeted:

https://twitter.com/wikileaks/status/987531916055318528

In the meantime

Refusing to be defeated by Coinbase’s action, Wikileaks provided an alternative. In another tweet, it told of how to get around Coinbase’s move.

This tweet from Andreas Antonopoulos sums it up:


This article appeared first on Cryptovest
WikiLeaks Plans to Call for a Blockade of Coinbase After Its Store Is Shut Down by the Exchange
 

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