Department of Justice shuts down Megaupload, arrests executives

The Department of Justice has just shut down cyberlocker Megaupload, arrested a number of its executives including founder Kim “Dotcom” Schmitz, and seized $50 million in assets. Megaupload was in the news last month for its spat with Universal over an allegedly fraudulent DMCA takedown of a promotional music video. Now the DoJ has announced [...]