They get shut down for copyright infringement and immediately come back with a service touting a privacy system. Privacy from whom?
At Megaupload, your files were private from other people. Mega themselves has/had no interest in snooping through your files. Various copyright enforcement agencies are very interested in ensuring that users are not violating copyright.
There is nothing about their system that is less secure than Megaupload was. In both cases, everything goes over HTTPS. The only new addition (no matter how broken their system is) is that now Mega cannot be reasonable expected to monitor file upload content, or provide third parties with the ability to monitor content.
At Megaupload, your files were private from other people. Mega themselves has/had no interest in snooping through your files. Various copyright enforcement agencies are very interested in ensuring that users are not violating copyright.
There is nothing about their system that is less secure than Megaupload was. In both cases, everything goes over HTTPS. The only new addition (no matter how broken their system is) is that now Mega cannot be reasonable expected to monitor file upload content, or provide third parties with the ability to monitor content.