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Friday, January 20, 2012

Megaupload.com No More!

Refer to 'Enterprise IT News'.

It has been reported by Reuters that U.S. government shut down Megaupload.com content sharing website.

The same site was blocked by Malaysian government during June 2011, sparking protest from netizen.

Now, it seems that the root has been taken out totally. There is no point to bypass proxy, you cannot find it anymore.

According to reports, megaupload company's executives which include the CEO and CTO were arrested in New Zeland. They have been charged for copyright infringement as well as conspiracy to commit copyright infringement, conspiracy to commit money laundering and conspiracy to commit racketeering.

The Mega Conspiracy group was accused of engaging in a scheme that took more than $500 million away from copyright holders and generated over $175 million in proceeds from subscriptions and advertising, according to the indictment unsealed on Thursday.

"In exchange for payment, the Mega Conspiracy provides fast reproduction and distribution of infringing copies of copyrighted works from its servers located around the world," the indictment said.

U.S. Justice Department officials said that the estimate of $500 million in economic harm to copyright holders was on the low end and likely significantly more.

This is most unexpected and unprecedented.

In Malaysia, piracy is common. It is a culture where people assume that piracy is fine because the originals are simply more expensive and that they can't afford it. This is most often true for computer software, a phenomenon which cripples the ICT and entertainment industry in Malaysia. People will only go for the best and they want it free.

Hardware business is not affected directly because counterfeits usually lack in quality.

Personally, this is a shocker for this coming chinese new year. Not that I have anything to do with it, just that I feel that many more people are involved and more shut down to come if those FBIs are serious into business.

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