Megaupload Shut Down
It seems that MegaUpload has been shut down by the US authorities over some major copyright infringement. This service was used to hold legitimate and a lot of illegitimate files and MegaUpload made tons of money with their ads and membership fees. All in all, this was a huge win for the Feds and a few people are really going to hurt over this. Fortunately, there are a ton of other file hosting sites available - but are you comfortable giving them your IP in case they are next? More at the Telegraph.
The indictment and arrests of four company executives comes as debate in Washington reaches a fever pitch over online piracy as lawyers try to craft legislation cracking down on it while trying to avoid censoring the internet.