Coinbase Suspends Wikileaks Over Service Violations

Wikileaks Shops has been banned by US-based Cryptocurrency trading platform Coinbase from trading on the exchange over a wrong move.

Coinbase have disclosed that it “can no longer process brokerage orders via their banking relationship” in a letter addressed to WikiLeaks which was posted on Gateway Pundit.

Wikileaks responded on Twitter saying they had no heads-up from Coinbase which offered no explanation.  Wikileaks had appealed to its Twitter users to donate it with Bitcoin through its website, where other Cryptocurrencies such as Litecoin, Zcash, Monero and Ethereum were also mentioned alongside a message indicating that “additional Cryptocurrency options will be announced.”

WikiLeaks is not taking the suspension lying down but instead is calling for a “global blockade” of Coinbase.

WikiLeaks Shop’s users took no time to announce their ditching of the website, stating they will immediately leave Coinbase.

According to Gateway Pundit, the WikiLeaks Shop has been ban from accessing Cryptocurrency payments as of March which is the same period that Assange was banned from the website. Even though WikiLeaks employees have requested for response from Coinbase, but there has not been any satisfactory response.

“It’s a threat to WikiLeaks, a similar thing happened a few years ago when PayPal and MasterCard launched a blockade,” according to a staff member at the WikiLeaks shop cited in Gateway Pundit.

According to Coinbase, which is registered with the US Department of the Treasury’s Financial Crimes Enforcement Network, the WikiLeaks account “had engaged in prohibited use in violation of our terms and service and we regret to inform you that we can no longer provide you with access to our service.”

The announcement also orders the WikiLeaks Shop to forward its remaining Cryptocurrency holdings somewhere else.