Monday January 30, 2012

Megaupload Data Could Be Erased This Week

Megaupload’s problems keep on growing since the site was shuttered and its assets frozen. With no money to pay the hosting companies, the stored data is in danger of being deleted unless money comes in to pay the storage hosts from outside sources or the hosting companies extend credit to Megaupload on the premise that the company will win its legal battles.

If the data is indeed erased, it will be very bad news for some 50 million people who’ve used Megaupload’s services, many of them legally.