RIP Megaupload, thank you FBI…..

The FBI shut down Megaupload.com and charges 7 people with violating piracy law.

Federal prosecutors have shut down Megaupload.com, one of the world’s largest file-sharing sites, on charges of violating piracy laws. This happened only 24 hours after the popular sites blackout against SOPA and PIPA. As you can see the feds didn’t need either to shut them down.

The indictment accuses seven individuals and two corporations — Megaupload Limited and Vestor Limited — of costing copyright holders more than $500 million in lost revenue from pirated films and other content.

The Hong Kong-based company listed rap producer Swizz Beatz as its CEO. Beatz declined to comment through a representative. Megaupload was led by colorful Australian Kim Dotcom — aka Kim Schmitz, or Kim Tim Jim Vestor. He is a a resident of both Hong Kong and New Zealand, and a dual citizen of Finland and Germany, who legally changed his last name to “Dotcom.”

The indictment charges the suspects with racketeering conspiracy, conspiring to commit copyright infringement, conspiring to commit money laundering and two counts of criminal copyright infringement.

If convicted, each individual faces up to 55 years in prison.

-Via FoxNews.

Please excuse my language, but I have to say it.

Well, fuck.

What’s gonna happen to all the people who uploaded personal files and have no backup? Or those affiliates who made money out of getting people into buying the premium services?

This is disturbing, I mean, what’s next, Rapidshare? People will always use online storage services to upload both personal stuff and stuff they shouldn’t share, but I don’t think prosecuting the owner of the sites will change anything. The most logical thing to do would be to scan for known files, sort of what Youtube does when you try to upload a copyrighted video, it will take it down.

The downside would be violating the users’ privacy by going through their files.

What really hurts me is all the porn and hentai that was lost during this raid :'(, what’s gonna happen to all the telenovelas I watch on Megavideo?! WHYYYY?!?!

Good bye sweet prince.