PayPal Freezes $275,000 Campaign Funds of Secure-Email Startup 'ProtonMail'
2014-07-02, 01:29 PM,
#1
[Image: End-to-End-Encrypted-Email-Service-ProtonMail.jpg]

Quote:ProtonMail, an End-to-End Encrypted email service developed by MIT, Harvard and CERN researchers, who already received over $275,000 from a crowdfunding campaigns to their PayPal account, and was so much excited to launch its beta version, but just before that PayPal freezes their account without any warning.
“At this time, it is not possible for ProtonMail to receive or send funds through PayPal,” ProtonMail co-founder Andy Yen announced this morning. “No attempt was made by PayPal to contact us before freezing our account, and no notice was given.”
ProtonMail is a new super-secure email service that encrypts the data on the browser before it communicates with the server, this means only encrypted data is stored in the email service servers.
GO HOME PAYPAL, YOU ARE DRUNK
ProtonMail service is based in Switzerland, so it won't have to comply with American courts’ demands to provide users data. But a representative from the American payment service, PayPal told the company that the payment service is not at all sure if ProtonMail is legal or not and asked them for the necessary government approvals to encrypt emails.

He [Paypal representative] questioned whether ProtonMail is legal and if we have government approval to encrypt emails. We are not sure which government PayPal is referring to, but even the 4th Amendment of the US constitution guarantees: The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures….

Continue reading...

Update: http://www.cpaelites.com/Thread-PayPal-F...#pid328526
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2014-07-02, 01:46 PM,
#2
(2014-07-02, 01:42 PM)Josh Canoe Wrote: Sorry but they should have seen that coming, I remember the same thing happening with WikiLeaks where they froze a few millions.

Agreed, it's such a huge amount of money to have. PP have to meet with certain laws in regards to money laundering, which I actually just mentioned here as well: http://www.cpaelites.com/Thread-Paypal-Q...#pid328507
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2014-07-02, 02:13 PM, (This post was last modified: 2014-07-02, 02:14 PM by Danisk.)
#3
It seems that the problem is solved http://www.theregister.co.uk/2014/07/01/...l_startup/
and its $327,779 raised until now.

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Get 25$ by registering with my link on payoneer
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2014-07-02, 02:16 PM,
#4
(2014-07-02, 02:13 PM)Danisk Wrote: It seems that the problem is solved /2014/07/01/paypal_unfreezes_funds_for_protonmail_encrypted_email_startup/
and its $327,779 raised until now.

Wow awesome thanks for sharing.
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2014-07-03, 12:11 AM,
#5
With such a big case paypal didn't want to get smacked by the public for sure!
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2014-07-03, 01:47 AM,
#6
I have signed up for the beta, however didn't recieve any message so i guess i won't get that email lol.

Any questions related to CPA belong here.
Before posting, make sure you are in the correct section.

I am temporarily absent due to family circumstances.

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2014-07-03, 03:20 AM,
#7
Really, how didn't they predict that? Hosently, it has happend multiple times.

[Image: kPc49Jx.png]
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