Kim Dotcom to reboot Megaupload half a decade after FBI shut it down

From ArsTechnica:

Kim Dotcom, the flamboyant Web baron, is planning to relaunch his once popular Megaupload file-sharing website in 2017—five years to the day after the US government shut it down amid accusations of piracy.

In a series of tweets posted over the weekend, Dotcom hinted that the new Megaupload would involve Bitcoin, while he also promised “big announcements” would be coming regarding partners for the site. Previous users of the site will apparently have their accounts reinstated with premium privileges.

I can tell you that Megaupload and Bitcoin had sex. There is a pregnancy and I have a feeling that the baby will be such a joy.

— Kim Dotcom (@KimDotcom) July 10, 2016

At its peak, the site had more than 150 million registered users, and more than 50 million daily visitors. However, the FBI shut down the Megaupload servers in 2012 working in concert with the New Zealand authorities, who raided Dotcom’s Auckland mansion and seized his assets.

Megaupload founder promises new appeal in case that’s dragged on for nearly 4 years.

Advertising revenue and premium subscriptions made it a profitable exercise; Dotcom is thought to have personally taken in $115,000 (~£87,500) every day in 2010. Among the assets taken during the raids included “nearly 20 luxury cars, one of them a pink Cadillac, works of art, and NZ$10 million (£5.6 million) invested in local finance companies.”

Tales emerged of $10 million parties on superyachts in Monaco, while a film commissioned by Dotcom described his lifestyle as full of “fast cars, hot girls, superyachts, and amazing parties. Decadence rules.”

This is Dotcom’s second attempt at …

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