This is a repost from the awesome Robot 6, just thought that this was shocking news and wanted to share it with everyone. And again this is not in my own words, Robot 6 wrote:
“The U.S. Justice Department and the FBI on Thursday shut down the popular file-sharing site Megaupload, seized $50 million in assets and charged its founder and six others with running an international enterprise based on Internet piracy that’s cost copyright holders at least $500 million in lost revenue. The FBI has begun extradition proceedings in New Zealandto bring company founder Kim Schmitz, aka Kim DotCom, to the United States. He and three other associates are being held without bail until Monday, when they’ll receive a new hearing. Three others remain at large. They face a maximum of 20 years in prison.
News of the shutdown was met with retaliation by the hacker collective Anonymous, which attacked the websites of the Justice Department and the Motion Picture Association of America.
Founded in 2005, Megaupload allowed users to anonymously transfer files like movies and music and, certainly on a much smaller scale, comic books. The Hong Kong-based company, which reportedly employed as many as 155 people, is said to have made $175 million from ads and premium subscriptions. According to the indictment, DotCom, whose assets apparently include a fleet of cars, took in $42 million from the operation in 2010.
Before Megaupload was taken down, the company posted a statement on its website claiming that allegations it facilitated massive breaches of copyright are “vastly overblown”: “The fact is that the vast majority of Mega’s Internet traffic is legitimate, and we are here to stay. If the content industry would like to take advantage of our popularity, we are happy to enter into a dialogue. We have some good ideas. Please get in touch.” [USA Today, The New York Times, CNET]“