Legal | The U.S. Justice Department and the FBI on Thursday shut down the popular file-sharing site Megaupload, seized $50 million in assets and charged its founder and six others with running an international enterprise based on Internet piracy that’s cost copyright holders at least $500 million in lost revenue. The FBI has begun extradition proceedings in New Zealand to bring company founder Kim Schmitz, aka Kim DotCom, to the United States. He and three other associates are being held without bail until Monday, when they’ll receive a new hearing. Three others remain at large. They face a maximum of 20 years in prison.
News of the shutdown was met with retaliation by the hacker collective Anonymous, which attacked the websites of the Justice Department and the Motion Picture Association of America.