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The long running and popular file sharing site ExtaBit.com has been knocked offline today, in what has been labeled a mysterious act that has left millions of users without access. ExtaBit.com was at one time one of the largest file sharing sites in the world, boasting millions of visitors to the service per day and over 7.5 petabytes of files. Sources close to ScrollDog say that the site has had ongoing legal issues that may have ultimately forced the hand of operators and ultimately caused the shutdown of the business.
In July of 2012 Paypal banned ExtaBit from using their service which resulted in the company having to switch to i-Koruna in order to receive payments. For 180 days the company had to wait until the funds frozen on PayPal were released. As a result, ExtaBit’s stock plummeted and confidence in the company was lost. Affiliates payments were delayed and new premium users were having difficulty signing up for new accounts. However, ExtaBit was able to continue accepting credit card payments thanks in part to the popular merchant Avangate.
On November 10th of 2012 the popular Webmaster community WJunction.com ultimately wound up banning ExtaBit from posting their service on the community. A high ranking WJunction staff member stated that “the service ExtaBit was terminated due to a failure to payout affiliates”. This sparked the initial onset of financial woes for the company which lead into the present day. The ExtaBit Facebook & Twitter accounts were also were left unattended at the beginning of the companies financial crisis in the middle of 2012.
See Full Article: Popular File Sharing Site ExtaBit.com Mysteriously Knocked Offline | ScrollDog.com ? Breaking Scene News