Rapidshare, formerly one of the most popular file-sharing sites, has revealed will close in March. The decision comes after a period of decline for the site, which axed three-quarters of its staff in 2013.

Rapidshare latterly adopted anti-piracy measures and later scrapped its free service. Users have been abandoning the site ever since, meaning it is no longer a viable business.

The Switzerland-based site has warned users to secure their data and said that all accounts would be deleted on March 31st.

Rapidshare was once ranked in the top three filesharing sites, along with Megavideo and Megaupload, which were estimated to have generated more than 21 billion visits between them.

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