Tuesday 12 July 2016

Kim Dotcom to revive Megaupload

Internet mogul Kim Dotcom has announced plans to relaunch his Megaupload empire in 2017, exactly five years after US authorities shut it down over allegations of massive copyright piracy.

The file-sharing service was once the 13th most visited site on the internet, a New Zealand court heard last year, with 50 million daily users accounting for 4% of global web traffic.

But it all came crashing down in January 2012, when the FBI shut down Megaupload’s servers and New Zealand police raided Dotcom’s Auckland mansion.

The legal fallout from the raid is ongoing, with Dotcom fighting extradition to the United States on charges that could see him and three other Megaupload founders jailed for up to 20 years.

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