US-based crypto exchange Coinbase has suspended the account of WikiLeaks Shop, citing a violation of Terms of Service as the reason behind the move. The story became public when the official Twitter account of the Shop posted the message received from the administration of Coinbase.
Although it’s still possible to make donations to WikiLeaks, the whistleblowing platform can’t convert crypto into fiat anymore, so the platform will have to look for a similar service elsewhere. What’s really disturbing in this situation is the Coinbase’s unwillingness to give any details or explanations concerning the WikiLeaks account suspension. The vague statements that Coinbase is sticking to “regulatory compliance mechanisms” issued by Financial Crimes Enforcement Network just won’t do.
The reaction of WikiLeaks was to call for the banishment of Coinbase from the crypto community:
“WikiLeaks will call for a global blockade of Coinbase next week as an unfit member of the crypto community. Coinbase, a large Californian Bitcoin processor, responding to a concealed influence, has blocked the entirely harmless @WikiLeaksShop in a decision approved by management.”
Some experts are still hesitant to believe that Coinbase is under the hidden influence of any kind, although they find the absence of any reasonable explanation from the company worrying.