The IFPI has taken credit for the raid and takedown of the site, following a crippling, sanctioned DDoS attack.
In taking credit, the anti-piracy group said (via Freak): "The operation to close Demonoid was a great example of international cooperation to tackle a service that was facilitating the illegal distribution of music on a vast scale. I would like to thank all those officers involved in this operation to close a business that was built on the abuse of other people's rights."
A couple of arrests have been made in Mexico in relation to ownership of the site with some assets seized, as well.
Demonoid.me, Demonoid.com and Demonoid.ph are now up for sale on Sedo, with would-be buyers likely needing to pay a hefty premium for the site's heavy traffic, especially now with headline news.