RapidGator, one of the file-hosting sites that grew exponentially following the Megaupload shutdown last month, has been banned by PayPal. As a result, the Russian-based site says it will close the service in a month. According to PayPal, the RapidGator account was closed due to the high risks associated with processing payments to file-sharing services.
Source: http://torrentfreak.com/cyberlocker-to-shut-down-after-paypal-ban-120226/