The file sharing site Megaupload will apparently begin deleting all of its content including customers files in the next couple of weeks, this gives customers a brief opportunity to regain the data they've uploaded onto the site.
In a deal with the hosting company, Megaupload has managed to preserve the data for two weeks and will be talking to the U.S. Dep. of Justice in order to unfreeze the assets needed to recover said data.
This brief respite is just a small victory for the site after the U.S. Dep. of Justice announced yesterday that it has arrested seven people and shut down both Megaupload Limited and Vestor Limited, two corporations responsible for the Megaupload.com website and others including Megavideo.com.
The seven individuals, according to the DOJ statement were arrested on the charge of "engaging in a racketeering conspiracy, conspiring to commit copyright infringement, conspiring to commit money laundering and two substantive counts of criminal copyright infringement."
Those arrested include citizens from around the globe including Germany, New Zealand and Estonia, if those accussed were to receive the maximum penalty on all counts they could face up to 50 years in prison.
This has come just days after online sites such as Wikipedia went 'dark' to protest the two anti-piracy laws being discussed in the United States at the moment the Stop Online Piracy Act and the Protect Intellectual Property Act.
It is believed that this is the biggest indictment of its kind and will no doubt add fuel to the fire concerning the anti-piracy debate that is currently raging in the U.S. Congress.
What do you think, should the U.S. be allowed to introduce laws such as SOPA and PIPA? Let us know what you think via the comments box below...