Thursday, January 19, 2012

The Feds shut down MegaUpload media sharing website (UPDATED)

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While details on this is light at the moment, reports are coming in left and right about the media sharing site MegaUpload has been shut down by the feds in the US on the grounds of violating piracy laws. The New York Times reports that MegaUpload has cost copyright holders a whopping 500 million dollars. This news comes out just after they blacked out their site in protest of the very serious SOPA and PIPA bills now being considered by Congress.

MegaUpload founder Kim Dotcom has accumulated over $175 million dollars in criminal proceeds. These charges also come with some potentially huge prison sentences, including a max of 20 years for conspiracy to commit racketeering, five years for copyright infringement, 20 years for money laundering, and five years for each of the substantive charges of criminal copyright infringement.

I just tried to go to MegaUpload's site, and it is taking too long to load. So probably it will return a 404 error.

Department of Justice's Post about this

UPDATE: It has been known now that the Department of Justice's website has been taken down by the hacking collective Anonymous. Anonymous is really showing the feds who doesn't like it.

UPDATE:The Department of Justice's site is up now. MegaUpload's site is returning 404, which was expected.

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