"The illegal streaming giant was terminated in Egypt after a sting operation, according to the Alliance for Creativity and Entertainment, one of the country's largest antipiracy coalitions. Egyptian law enforcement and ACE shut down the service Aug. 24 following a yearlong investigation. Streameast had 80 associated domains and amassed more than 1.6 billion visits during the past year. It offered access to sports' biggest events, including Europe's football championships, the NFL, NBA, MLB, pay-per-view boxing and F1 races."
"Two men were arrested about 20 miles outside of Cairo under suspicion of copyright infringement. Authorities confiscated devices, including laptops and smartphones thought to be operating the site, cash and several credit cards. Investigators also identified a shell company possibly used to launder the advertising revenue, which totaled to around $6.2 million, and an investment of $200,000 in cryptocurrency. Several properties in Egypt were also allegedly purchased with these funds."
Egyptian law enforcement and the Alliance for Creativity and Entertainment terminated Streameast Aug. 24 after a yearlong investigation. The site operated about 80 domains and drew more than 1.6 billion visits in the past year, offering live streams of major sports events including European football, NFL, NBA, MLB, pay-per-view boxing and F1 races. Two men were arrested near Cairo and authorities seized laptops, smartphones, cash, credit cards and properties allegedly purchased with proceeds. Investigators identified a shell company linked to laundering roughly $6.2 million in advertising revenue and a $200,000 cryptocurrency investment. ACE will redirect former Streameast sites to its watch legally portal.
Read at Los Angeles Times
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