Wikileaks: Boycott of Coinbase

Image for post
Image for post

Wikileaks’ Julian Assange boycotted the US crypt market Coinbase. The Disclosure Platform was removed as a customer without notice and without giving reasons. Previously, the products of the Wikileaks shop could be paid for using various cryptocurrencies. Also donations in crypto form were possible. But Coinbase is currently under fire for other reasons. Recently, no fewer than 115 claims were filed for attempted fraud by their own customers.

The opportunity to donate for the popular Wikileaks revelation platform via Coin or to pay for purchases in the in-house shop is currently not available. As the NGO’s online shop announced on Twitter, it is based on a covert government inquiry that has led the Californian company to abandon its collaboration with Wikileaks. As justification, the activists were only told that after a detailed examination of a violation of the Terms of Use. As a last step, the operators of the non-governmental organization were offered only to transfer the available credit to an external account. Further cooperation is completely excluded.

Termination of Wikileaks: anticipatory obedience?

Observers speculate that the decision could be justified by the fact that Coinbase is currently seeking a broker license. Therefore, the termination without notice seems like anticipatory obedience. Probably you do not want to mess with the authorities rather and Wikileaks has therefore removed as a precaution. A more detailed explanation of why Julian Assange & Co. was thrown out was owed to the activists. Years ago, organizations such as Amazon, PayPal, Visa, MasterCard, or Bank of America terminated the collaboration after the first major revelations. The well-known in the crypto community lawyer Andreas M. Antonopoulos believes that the story is repeating right now. What the credit card providers, web hosts and banks did in 2010 is now done by Coinbase. Then as now, the measure hits the disclosure platform very hard. Because many do not want to be able to follow the path of their donations, the use of cryptocurrencies is very important.

From a temporal point of view, the lawsuit of the Democrats in the Federal Supreme Court of the USA is also fitting. Assange & Co. is accused of campaigning in favor of Donald Trump. The lawsuit alleges that Russian hackers have invaded the Democratic Party network in 2015 and 2016. The data copied was sensitive. They were later published by Wikileaks to decisively weaken Hillary Clinton, candidate of the Democrats.

Coinbase under attack: 115 lawsuits for fraud

The operators of Coinbase are currently not only struggling with insider trading. US media reports 115 lawsuits filed by former Coinbase users alleging that they have used their credit, The commissioned lawyers have therefore already informed the Securities and Exchange Commission SEC and other US authorities. Users describe in the complaints their problems with the provider, which made the contents of their wallets disappear easily. On their support request, they were always put off. Seven times in a row you have told a customer that you are taking care of the matter, but nothing has happened yet. Another user complains that they have deliberately locked him out in order to rob him of his assets. A Coinbase spokesman told Mashable that the growing popularity of cryptocurrencies leads to significant additional work on processing the requests of its 20 million customers. Accordingly, unfortunately it would also come to unwanted long-term delays. Coinbase has meanwhile announced a number of new products. Critics suggest that more attention should be paid to clarifying and solving growing problems rather than introducing new services.

Written by

Most writers waste tremendous words to say nothing. I’m not one of them.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store