Extabit are a serious offender when it comes to stolen content. By providing incentives to uploaders and a generous affiliate program they encourage rampant piracy. As of today Paypal have terminated processing payments for Extabit. We congratulate Paypal for this decision.
Extabit have had their Paypal relationship terminated and all funds have been frozen for 180 days.
UPDATE: 25th July 2012 ExtaBit are now using i-Koruna as a payment system, we are working to have i-Koruna removed as a payment option for Extabit.
Read on to see why ExtaBit should be avoided by any reputable payment processor.
ExtaBit offer premium accounts using Webmoney and Paypal (Paypal have now terminated processing for Extabit).
ExtaBit encouraged uploaders by posting on forums offering deals where uploaders were rewarded for uploading pirate and illegal content.
A quick search on a popular file search website reveals loads of stolen porn and site rips.
Pirate software is also freely on offer at ExtaBit.
Taking away Paypal from ExtaBit is only the first step in our efforts to shut down this site. We will now apply pressure to other processors to ensure that they cannot process payments. We will also work with authorities to ensure that the culture of content theft is halted by this rogue site.