Megaupload finished: Feds shut down file-sharing giant without SOPA
One day after thousands of websites temporarily shut-down to highligt the dangers of the Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA), federal prosecutors have pulled the plug on Megaupload.com, a website that was at one time among the top 20 most popular sites in the world. American authorities helped issue arrests on Thursday for four people in New Zealand that they say are responsible for the website. According to the official indictment, unsealed the same day, Megaupload is being accused of costing copyright holders upwards of $500 million in lost revenues because of content illegally uploaded to its servers.
TorrentFreak: MegaUpload: What Made It a Rogue Site Worthy of Destruction?