The federal government has shut down one of the world’s largest file sharing websites, MegaUpload.com.

The company is being accused of costing copyright holders upwards of $500 million in lost revenue from pirated content.

We’re a little unsure of why exactly this happened today; the AP report did not cite any reason or precedent for a site being shutdown as such, and with the beginning of SOPA/Protect IP voting starting on the 24th this cannot be a part of that legislation.

Essentially, MegaUpload.com was just shut down, and it seems there is no need to worry about SOPA/Protect IP legislation as the government already has the power to censor websites.