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However, the service too ran into its own set of controversies. Mega and Dotcom then battled it out in the court over copyright infringement, conspiracy to commit money laundering, conspiracy to commit racketeering, and wire fraud. Dotcom revealed his plans about the future of Megaupload in a series of tweets.

The website will be resurrected on January 20, — five years after the US government took down the site accusing it of piracy. Most of the earlier Megaupload users would get their accounts reinstated with premium privileges. The new Megaupload is also expected to use digital currency bitcoin. Struggling artist and a paid writer Read More. What Is Megaupload? Deepali Moray. Deepali Moray Struggling artist and a paid writer Former Megaupload users took to Twitter and other sites to complain that they'd lost legal material because of the crackdown.

Story highlights The U. Megaupload, the file-sharing website shut down Thursday by the U. Many people probably never have heard of the site. But to millions, the 6-year-old site, based in Hong Kong, was a fast, easy way to store massive files in a "locker" online and then share them with friends or colleagues.

At various points in its history, Megaupload has been among the most popular websites in the world. And it once had the support of some celebrities.

Diddy and several other celebrities vouching for the site in an apparent music video-style advertisement. But the site has long suffered accusations of allowing less-than-legal files to pass through its computer servers.

More Videos Feds shut down Megaupload website Hackers attack after Megaupload arrests Of course they will be targeted as they are blatantly breaking laws. The U. Created in , Megaupload was the 72nd-most-visited site on the Web during the past three months and has peaked as high as No. The site offered what's called "one-click hosting," letting users upload anything on their hard drive or in cloud storage to the Web.

The service gives users a URL that can then be shared with others -- often on discreet online message boards or social networks -- letting them access the file as well.



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