Filesonic Disables File-Sharing Service After Megaupload Arrests

Just days after Megaupload was shut down and its employees arrested, another of the web's leading file-sharing websites Filesonic has taken the drastic measures of disabling all sharing functionality. Put into effect immediately, Filesonic now leaves its users with access only to their own uploaded files, effectively ending the ability to share copyrighted material with other users. Some estimates say as many as a million files across the web are now dead links. Filesonic has also disabled its affiliates rewards scheme and won't pay any money to members for sharing files, because obviously no users can no longer do that. The worrying thing for regular users of the service is what happens to the money they have accrued from downloaded files to date that was just sitting in their account? Has it now just disappeared? Industry experts are calling it 'a shock announcement' for the shutting down of the service from one of the biggest file-sharing websites on the web, which is thought to hit a quarter of a billion page views per month. No official statement or explanation as to why the huge move was made but obviously the Filesonic head office (which appears to be based in Hong Kong also) were getting worried about the authorities coming after them the way they did Megaupload. Has the events of last week caused a panic among file-sharing owners? Will this move by Filesonic be followed by any of the other majors?