20 January 2012

Megaupload.com Gets Hit by Mega Piracy Indictment; Hackers Attack Feds, Entertainment Industry

The Justice Department has indicted seven individuals and two companies behind the popular file-sharing website megaupload.com, which has been touted by stars will.i.am, Kim Kardashian and Diddy, and, according to reports, has hip-hop producer Swizz Beats as its CEO.
The indictments, which do not include Swizz Beats, seemed to trigger a series of distributed-denial-of-service attacks, apparently by the hacker group Anonymous, that hobbled several federal and entertainment industry websites.
The indictment alleged that megaupload.com and a shell company associated with the website, Vestor Limited, caused an estimated half-billion dollars in copyright losses and made an estimated $175 million in proceeds. The website was established in 2005 and at one point ranked as the 13th most-visited website on the Internet......

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