Monday, October 24, 2011

Low on cash, Wikileaks scales back operations

LONDON -- The anti-secrecy organization WikiLeaks says it will be scaling back operations so that it can focus on raising money.

For months, WikiLeaks has been prevented from receiving donations through VISA, Mastercard and other firms that process financial transactions. Those firms severed their relations with the organization after American officials described its release of classified documents as damaging to U.S. national security interests.

On Monday, founder Julian Assange told reporters in London that WikLeaks would “temporarily suspend all publishing operations in order to direct all our resources to fighting the blockade and raising funds,” adding that the “blockade” had wiped out 95 percent of WikiLeaks’ revenue.
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