Megaupload file-sharing site shut down
Found on BBC News on Thursday, 19 January 2012
Federal prosecutors have accused it of costing copyright holders more than $500m (£320m) in lost revenue.
The US Justice Department said that Megaupload's two co-founders Kim Dotcom, formerly known as Kim Schmitz, and Mathias Ortmann were arrested in Auckland, New Zealand along with two other employees of the business at the request of US officials.
A federal court in Virginia ordered that 18 domain names associated with the Hong Kong-based firm be seized.
The Justice Department said that more than 20 search warrants had been executed in nine countries, and that approximately $50m in assets had been seized.
This is a totally overblown action, caused by the well-known overblown and made up losses from the industry. SOPA is a threat to the Internet, as it will make it even worse than the situation is right now. Fighting against SOPA alone won't help; it's obvious that the entertainment industry can already get stunts like this one done. The Internet needs to take a step ahead and change into a system that is immune against attacks like this.