Soon after the domain was registered in Hong Kong, the now-defunct Megaupload.com grew into one of the world's most popular file-sharing sites. At its peak, the site engaged nearly 50 million users a day and took up around four percent of the world's Internet traffic. Users uploaded nearly 12 billion files overall. But the infamy of the site's rise is only matched by the infamy of its fall. In January 2012, US authorities closed down Megaupload.com and the network related to it. The feds arrested seven people and froze $50 million in assets.
Read more: http://arstechnica.com/tech-policy/2016/06/from-file-sharing-to-prison-a-megaupload-programmer-tells-his-story/?source=Snapzu
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