Today one of the biggest file sharing site was shut down by the feds today. The founder and several company executives were also charged for violating piracy laws. The accusation that started the criminal case was unsealed a day before globally used sites like Wikipedia, Reddit and Craigslist blacked out to show their support for their opposition against SOPA and Megaupload are accused of costing copyright holders over $500million (£322 million) in lost revenue from pierated films and other content.

The interesting fact about this site was  that it was only a few weeks ago when Megaupload posted their infamous music video featuring celebrities such as Kanye West, Alicia Keys, P.Diddy and even Snoop Dogg, who all endorsed their site! And these are people who are ‘allegedly’ affected by file sharing sites such as Megaupload.

Kardashian in the Music video. Been busy with tape finding lately?

Hours before the site was taken down megaupload posted a statement out saying how “grotesquely overblown.” the accusations were against the company.

The main people who will be affected are those legitimate customers, (hey, not every file sharing site is used for pierating!) those people who have important family photos/videos, work related documents and other important files will be heavily affected as they find out that the site refuses to load for them anymore. As well as court fees if any, this will cost Megaupload a lot of money in lost revenue.

No doubt that supporters of SOPA and the likes will use this to their advantage in future nonsense videos. We’ll be  keeping an eye out for any more development on this matter.

So what do you guys think? Will other file sharing sites start getting shutdown? Will Megaupload make it through the court of justice?