Update:  Swiss postal system drops Assange.

The Swiss postal system stripped WikiLeaks founder Julian Assange of a key fundraising tool Monday, accusing him of lying and immediately shutting down one of his bank accounts.The swift action by Postfinance, the financial arm of Swiss Post, came after it determined the “Australian citizen provided false information regarding his place of residence during the account opening process.”

Assange had told Postfinance he lived in Geneva but could offer no proof that he was a Swiss resident, a requirement of opening such an account.

Dropped.

PayPal said in a blog posting that cutting off WikiLeaks’ account was prompted by a violation of the service provider’s policy, “which states that our payment service cannot be used for any activities that encourage, promote, facilitate or instruct others to engage in illegal activity.”The short notice was dated Friday, and a spokeswoman for PayPal Germany declined on Saturday to elaborate and referred to the official blog posting.

via WikiLeaks loses major source of revenue.   Arrest warrant arrived in UK.

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