Everyone is to excited over arrest of 3 people getting arrested in relation to the gaming network crash. Lizard Squad is like Anonymous in a sense. Its more than a group, its a ideal. Anyone could take up the name Lizard Squad and preform a DDoS attack again.
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This is different. Lizard squad only did the ddos to get publicity and sell the botnet they have to ddos. At least with anonymous they are trying to chance things with politics etc.