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okay hmm and when ICE website gets defaced than what?
I still don't see what homeland security has to do with enforcing copyright? or with regulation of commerce (ie seizing dns names)
Immigration and Customs Enforcement is a DHS sub-agency. Organized copyright infringement like DVD and fake-product piracy, as well as contraband IP like child porn, has usually been their responsibility because a lot of it was done overseas and imported. Patrolling the internet sort of fell to them by default, and not that far away from stuff like cybersecurity. They're not the only government agency interested in such things, of course, but DHS has one of the largest budget allocations in the federal government.
The notice claims that it is acting pursuant to a warrant alleging copyright infringement, similar to recent seizures by ICE of sites related to file sharing (see http://news.ycombinator.com/item?id=1943928), but it's unclear of the direct connection to copyright infringement by LulzSec.

Ideas?

I don't think it was siezed for copyright infringement even though it's pasted all over it now. Bloody lying Ogliarchies.
Their domain is .com, isn't it?
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I learned 2 things here:

A) There's a "National Intellectual Property Rights Coordination Center" with its own federal-agency-ish logo.

B) The logo looks like an eagle that's about to tear my face off. What is it with the lamer the mission, the tougher looking the logo?

EDIT: In reaction to hoax, I googled and the agency's actually real, complete with ridiculous logo.

Keep in mind that it's lulzsec and that the servers that host the ICE seized page respond for any hostname. So one can just point A records at 74.81.170.110 and be `seized'.
I've always struggled to understand the mentality of hackers like these guys. The combination of the extreme intelligence required to do some of this stuff plus the stupidity to actually do it is confusing to me. I would be absolutely terrified if I were one of them right now, but they just keep on going.
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How is this related to copyright infringement? Protect IP hasn't even been voted into law, and they are already overreaching and censoring any type of website they want.
WHOIS data isn't updated. It's a prank/hoax.

    Registrant ID:INTEmi9x129pabgf
    Registrant Name:Private Whois Service
    Registrant Organization:Private Whois Service
    Registrant Street1:*******PLEASE DO NOT SEND LETTERS******
    Registrant Street2:****Contact the owner by email only****
    Registrant Street3:c/o lulzsecurity.org
    Registrant City:Nassau
    Registrant State/Province:
    Registrant Postal Code:N4892
    Registrant Country:BS
    Registrant Phone:+852.81720004
    Registrant Phone Ext.:
    Registrant FAX:
    Registrant FAX Ext.:
    Registrant Email:bt7m7mf4df08f06a3b66@oqjij874d9300d54bd95.privatewhois.net
More importantly the domain was bought today.

Last Updated On:09-Jun-2011 09:42:00 UTC Expiration Date:09-Jun-2012 09:13:59 UTC

Thanks. I've updated the title to indicate that it is presumed to be a hoax.

Is it best to delete entirely, or leave as is?

Leave it up as a reminder about the danger of jumping to conclusions.
LulzSecurity.org was just registered today.
the domain is lulzsecurity.com - which is just fine, not lulzsecurity.org. almost certainly a prank.
What is LulzSecurity and why should I care about this? (Seriously, never heard of them.)
They've been apparently behind a large portion of the almost daily Sony hacks.