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WikiLeaks Shelves Operations Temporarily in wake of Cash Deficit

Julian Assange, the co-founder of the whistleblowing site WikiLeaks has announced that he is temporarily closing the site's operations in order to raise funds, and find a way out of the financial blockade imposed on it.

Assange made the declaration at a press conference organised in London on Monday. He stated that the banking blockade imposed on the site resulted in 95 percent of the site's revenue-sources getting dysfunctional.

He also expressed his concerns by saying that the blockade imposed on WikiLeaks is nothing less than an existential threat for the site. According to the whistlblower, if the blockade is not lifted by the New Year, WikiLeaks would not be in a position to continue at all.

"The blockade is outside of any accountable, public process. It is without democratic oversight or transparency," Mr. Assange said, according to The Guardian.

"The US government itself found that there were no lawful grounds to add WikiLeaks to a US financial blockade. But the blockade of WikiLeaks by politicised US finance companies continues regardless," he added.

Assange also disclosed how the donations to the organisation came down to €6,000-€7,000 a month in 2011 in comparison to what they were €100,000 a month back in 2010.