Megaupload Data May be Erased Before this Weekend

All data stored by the troubled online file sharing platform Megaupload could be erased permanently before the end of this week, according to a new revelation.

Megaupload was shut down by the US government earlier this month for allegedly hosting and promoting online piracy. And, to make things even worse for the company, not only its founder and top executives were arrested in New Zealand, but also all assets belonging to Megaupload.com were seized.

If the proposed move is truly implemented on, it will result in deletion of data that has been uploaded by many legitimate file sharing users for backup purpose as well.

According to The Guardian, despite all the protests lodged by Megaupload lawyers, a pair of ISPs are going to start deleting information from the site's servers. Spokespersons from neither of the ISPs were willing to disclose any information on the issue though.

"We're cautiously optimistic at this point that because the United States, as well as Megaupload, should have a common desire to protect consumers, that this type of agreement will get done," Megaupload attorney Ira Rothken stated.