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Dotcom Set to Unveil Megaupload Successor Amid U.S. Indictment

Kim Dotcom, whose Megaupload.com website accounted for 4 percent of world Internet traffic before being shut down last year on U.S. copyright infringement charges, plans to unveil a new, encrypted file-sharing site in New Zealand in a snub to U.S. authorities.

Dotcom has scheduled a news conference on Jan. 20 at his NZ$30 million ($25 million) rented home in an Auckland suburb, promising to introduce a way to securely store and transfer confidential information.