The People vs The Bank: BadBanki.com launched
Update posted on DonateDear Panquake Community,
It's pretty rare that We the People get an opportunity to hold a bank to account - but that's exactly what we are doing.
If you got a chance to see Suzie's update from Monerotopia, you'll know Panquake is now on a test net and progressing well, but that the road to get here hasn't been all roses! In fact, a Big Bad Banki ('Banki' is the Icelandic word for 'bank') caused a lot of problems for us in the past - and this impacted you as well.
So, as Suzie revealed, we are working with the same winning WikiLeaks legal team who famously secured a USD$10 million settlement in Iceland against a payment processor acting at the behest of Visa and Mastercard.
Who is 'Bad Banki'?
In our last update, we asked 'Who is Bad Banki?' The name 'Bad Banki' is obviously parody and intended playfully. But finally, we can reveal all.
After years of work behind the scenes, on 3rd April 2025 we were ready to take the scandal-plagued Icelandic bank Islandsbanki to court, launching BadBanki.com to tell you all about it. Our case has now been deferred to a later date.
You can also read our press release here and find us on social media under #BadBanki.
Not only are we fighting for justice, we want to hear YOUR stories too. Head over to BadBanki.com to learn more about why your support is crucial. This case could set important legal precedents and even redefine what constitutes fair banking practices. By raising our voices, we can do some real good together.
This case is a David vs Goliath battle
We are soon to have our day in Court against a major bank. Talk Liberation is fighting abusive bank practices and demanding compensation for the damage done to us by Bad Banki.
We believe that financial institutions must adhere to established international legal principles regarding economic rights and economic freedoms of people everywhere.
This may be a long fight - the upcoming judgement could be appealed through several rounds of higher Courts but we are prepared for it.
Sveinn Andrew Sveinsson, the Icelandic supreme court attorney working on the case said: "This case is yet another example of how the banking system is used to oppress free speech and journalism."
At a recent preliminary hearing on March 5th, Sveinsson stated, "Talk Liberation notified the bank of the existence of the funds and everything was done by the book, the due diligence was OK. But it seems to me they looked into the main shareholder Suzie Dawson and realised she was, in a sense, persona non grata in New Zealand as she had been vocal in fighting for freedom of speech. And as you know, for example, with WikiLeaks, this method has been used before, when the bankers gave the order to the card and the banking system to close down the payments sent to WikiLeaks. This is just the same method. My opinion is that Islandsbanki is just obeying orders that are coming from the international banking system."
We want to help you tell your story
Have you been treated unfairly by a financial entity? There are things you can do to help expose Bad Banking and now is the time to do your part.
Check out BadBanki.com for more info on how YOU can participate.
And we're not pausing!
Taking on a major banking institution is all in a day's work for the determined bunch here at Talk Liberation! And a growing bunch it is. Despite the challenges we have faced, our team has grown by more than 100% in the last 12 months - and we're not stopping!
Our dedicated, global operation is working around the clock to continue bringing you innovative, unmatched, privacy-focused digital products that you helped bring to fruition through your believe in and support for Panquake.
We love and appreciate you for this. You are helping to change the world.
Product like pnqk.me are already making a difference to internet users - and soon lnqk.me and Panquake will be too.
Talk Liberation remains committed to our mission and values. Digital FREEDOM means the ability to use the internet safely, free from Big Data and Big Tech mass surveillance, manipulation, deceptive algorithms, AI and other common forms of digital discrimination.
Learn what you can do to support the Bad Banki campaign at BadBanki.com
As our case has been postponed - we will keep you informed of the new date as soon as we’re advised, as well as the outcomes of this case.
With love,
- The Panquake Team