Megaupload taken down by FBI

Earlier this evening, Megaupload one of the biggest file sharing websites on the internet was taken down by the FBI on piracy charges.   They are charged with causing losses of over $500 million in lost revenue due to hosting illegal content.

Edited as More story available.

Megaupload was used by millions daily, and not just for illegal file sharing purposes. It was a file hosting site, that stored any files you wished to upload.  What earlier seemed to be a case of the FBI taking down the site with some eerie foreshadowing of the future should the SOPA bill pass, has become an arrest of Hollywood sized proportions.  When they owners of the site were arressted, the FBI seized of a fleet of luxury cars, including Lamborghini’s and Maserati’s, Paid for by according to the FBI, revenue from adverts and subscriptions from their site which knowingly hosted copyright material, and in some cases even solicited the material in order to bring in a higher number of hits.  As well as confiscating over $50 million in assets.

According to Ventuerbeat, the owners of the sight face 5 different charges, these include..

conspiracy to commit racketeering, conspiracy to commit copyright infringement, conspiracy to commit money laundering, criminal copyright infringement by distributing a copyrighted work being prepared for commercial distribution on a computer network & aiding and abetting of criminal copyright infringement, and criminal copyright infringement by electronic means & aiding and abetting of criminal copyright infringement. “

BBC article on the Megaupload story.

Hacktivist group Anonymous, spent most of the evening knocking different government websites offline in retaliation for Megauploads removal.  It remains to be seen what else they have planned, but they have promised revenge for what they consider a grave injustice.

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