Is mangago really shutting down?

I won't post the thread, but a few days someone said mangago was shutting down due to South Korea taking an even harder stance on illegal sites and translations. Now, I've seen the thread and from what I know this was one a South Korean news site, so I'm not saying the info is fake. My problem is, people are going crazy and jumping to the conclusion about the site shutting down soon. I'm don't know if it will, it may because mangago is illegal. However, I'm amazed how many people are 100 percent believing in the thread without doing research. I mean the thread doesn't even have a link to the news site. Honestly, I don't know if it will shut down, but neither does anyone else. We don't know what's going to happen and I just wish people would think.