Jul 13, 2016

    Megaupload to relaunch in January, use bitcoins?


    FLAMBOYANT German tech entrepreneur Kim Dotcom is planning to relaunch file-sharing website Megaupload in January next year, five years after the United States government took down the site, accusing it of piracy.

    Megaupload, founded in 2005, had boasted of having more than 150 million registered users and 50 million daily visitors. At one point, it was estimated to be the 13th most frequently visited website on the Internet.

    Dotcom, who announced his plans in a series of tweets on Friday, said most of the Mega-upload users would get their accounts reinstated with premium privileges.

    He also hinted that the new website will use bitcoins.

    Dotcom did not immediately respond to a mail seeking comment.

    He and three others were arrested on Jan 20, 2012, after armed New Zealand police raided his country estate at the request of the US Federal Bureau of Investigation.

    The US authorities had said Dotcom and three other Mega-upload executives cost film studios and record companies more than US$500 million (S$670 million) and generated more than US$175 million by encouraging paying users to store and share copyrighted material, such as movies.

    Dotcom, who has New Zealand residency, has denied charges of Internet piracy and money laundering and has been fighting extradition to the US.