Mega.nz says while there is a court-ordered freeze on the shares controlled by Ms Dotcom, it says the 'authorities responsible for maintaining the order have not opposed or interfered in any of Mega's operations'. I don't think your data is safe on Mega anymore.' 'As a result of this and a number of other confidential issues I don't trust Mega anymore. 'In addition Hollywood has seized all the Megashares in the family trust that was setup for my children,' says Dotcom. He's followed by TEY Trustee Limited with 16 percent, Wolf Dieter Ortmann with 15.6 percent and Coatesville Trustee Services Ltd, with 15.5 percent.ĭotcom's ex-partner Mona is listed as a director of Coatesville Trustee Services, but Dotcom says these shares have been seized by 'Hollywood'. Which means the NZ government is in control.'Īccording to the Companies Office the biggest shareholder in Mega is Beijing-based Zhi Min Li, who owns 25.9 percent of the company. Recently his shares have been seized by the NZ government. 'He used a number of straw-men and businesses to accumulate more and more Mega shares.

'The company has suffered from a hostile takeover by a Chinese investor who is wanted in China for fraud,' said Dotcom. In a question-and-answer sessions with readers of tech news site Slashdot, Dotcom said not only is he no longer involved in Mega in any way, but encouraged readers not to use it. More than two years on he no longer has any involvement with the service, now operating as mega.nz, which provides users encrypted cloud storage – meaning no one, not even Mega, can know what they are storing. Mega founder Kim Dotcom says he no longer trusts the encrypted cloud storage service he launched with great fanfare in 2013.ĭotcom unveiled .nz a year to the day after the infamous raid on his rented Coatesville mansion, which saw his previous site, Megaupload, shut down.

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