In an
interview on Slashdot, Kim Dotcom mentioned that he is no longer involved in the file hosting service Mega and that he does not trust Mega anymore.
According to Kim, Mega suffered from a hostile takeover by a Chinese investor who managed to accumulate shares of the company.
Interestingly enough, the shares were seized by the New Zealand government which means according to Kim that the government is now in control of the service.
The company has suffered from a hostile takeover by a Chinese investor who is wanted in China for fraud. He used a number of straw-men and businesses to accumulate more and more Mega shares. Recently his shares have been seized by the NZ government. Which means the NZ government is in control.
Kim Dotcom launched the file hosting service Mega about a year
after Megaupload was taken down by the authorities. Mega,
Kim promised, was secure thanks to the use of encryption on the site.