Mega Upload Shut Down – Details about the shutdown of popular filesharing site megaupload.com

Written on:January 22, 2012
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The most popular file sharing site on the internet,Mega Upload was shut down by the U.S. Department of Justice and the co founders were arrested on racketeering and criminal copyright infringement charges.Seven executives including Kim Schmitz,Bram Van der Kolk, Mathias Ortmann, Fin Batato were arrested and denied bail.law enforcement agencies have executed 20 search warrants in eight countries including New Zealand, Hong Kong, the U.S., the Netherlands, the U.K., Germany and Canada, seizing $50 million in assets and taking down MegaUpload’s servers.The move has shaken up the Internet has a whole and many wonder if the US will be making similar raids on other file sharing web sites.“This action is among the largest criminal copyright cases ever brought by the United States,” the Justice Department and FBI said in a statement.

 

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The US Justice Department and the FBI today said Megaupload.com allegedly generated more than US$175 million in criminal proceeds and caused copyright holders more than US$500m in lost revenue from pirated films and other content.The income mainly came from the premium User membership fees and Online advertisements that are showed on the website.

 

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Megaupload was estimated at one point to be the 13th most frequently visited site on the Internet, according to the indictment. The site claims to have about 50 million daily visits.Upset users and megaupload supporters has been joining  petitions and debates since the shutdown.The shutdown also prompted continued anonymous  attacks to the U.S. Department of Justice website.The Megaupload shutdown came the same week that many top Web sites went dark in opposition to the Stop Online Piracy Act (SOPA) and the PROTECT IP Act (PIPA).

 

 


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