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ExtraTorrent.cc > Articles > Will McAfee Invest in MegaUpload 2.0?

Will McAfee Invest in MegaUpload 2.0?

Will McAfee Invest in MegaUpload 2.0?

Added: Friday, August 19th, 2016
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2016
A surprise announcement was made by Kim Dotcom in relation to his new MegaUpload 2.0 project. Dotcom first informed the public that John McAfee's MGT Capital Investments wanted to invest over $30m stock into his business, but it soon turned out that it was made only to drive up the stock price at MGT. As a result, McAfee and Kim Dotcom are at war.

The NZ entrepreneur is going to celebrate the 5-year anniversary of the original MegaUpload raids by presenting a brand new file-sharing platform to the public. The working name of the system is MegaUpload 2.0, and Dotcom promised that it would involve decentralization, anonymity and encryption by connecting file transfers to Bitcoin transactions.

The most important fact is that MegaUpload 2.0 will launch with the original MegaUpload’s user database of 100 million users. This is why news of the project has been generating a lot of interest, even before the revelation of any details. In the meantime, Kim Dotcom has not yet revealed any of his investment partners. However, he already announced who he wouldn’t be doing business with – John McAfee. Dotcom has tweeted that he’d been offered cash to participate in a “pump and dump” deal. He is talking about MGT Capital Investments, which claims to deal with cyber threats using “advanced protection technologies.” Security expert John McAfee was appointed as the company’s new CEO a few months ago, followed by a chaotic period of stock trading.

It turned out that MGT was trying to get involved with MegaUpload 2.0 and even offered to invest $30m in cash and its own stock. However, it soon became clear that their offer was unrealistic, because they simply didn’t have such funds – they claimed they were going to raise them through the partnership announcement and subsequent increase in stock value.

Dotcom said he wasn’t interested in pumping up MGT stock and that they needed to raise the money first before they could enter into any kind of agreement. Nevertheless, MGT also offered Dotcom $500k for signing a Letter of Intent to be announced at a big press conference during Defcon, again just in order to drive up the MGT stock price with no substance. Dotcom refused again.

At the same time, it appears that the MegaUpload founder had also irritated McAfee by offering his friend and the CTO of MGT an important job (which the latter accepted).

Thanks to TorrentFreak for providing the source of the article.

Posted by: 

Date:  Friday, August 19th, 2016

Comments (6) (please add your comment »)

posted by (2016-08-19 21:47:07)
No avatarWAR!

I don't see what's wrong? This is capitalism in the 21st Century. Driving up the MGT stock would benefit both parties - McAfee's company would be worth more and Kim.com would get $30 million to put on MegaUpload 2.0 to get a quality "bitcoin" like system.

I don't see the problem other than Kim Dotcom not wanting to be manipulated or taken advantage of. This is business vs personal values. I support Kim's decision though.

posted by Trusted UploaderSite FriendET loverSupermanKitty (2016-08-19 23:46:21)
SirSeedsAlot avatarThat's illegal something doesn;t sound right

posted by (2016-08-20 11:57:15)
No avatarI'm actually a fan of McAfee , I've even listened to a few of his interviews. He's made some good points with cameras on our phones and computers being remotely accessed etc. Enough is enough!!! NSA contacting schools about kids doing bad things cause they are watching them on their phone cameras, reading texts.. etc... It's not a good thing!

posted by Trusted UploadermenTurtle (2016-08-22 07:09:46)
XpoZ avatarweird news...

posted by ET babySite FriendET junkieET loverGirlSun (2016-08-22 17:37:57)
cosmiclsd avataromg!..pleeze giv me som o yer MOOLA..@kim..jus a sign o the times..tyvm

posted by menTurtle (2016-08-22 21:02:43)
DarkSideofTheMoon avatarMy favourite you tube video. How to uninstall mcafee software. Hilarious. Who owns Mcafee now?

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