I was debating with myself on whether to post this news or not, as it's not particularly fun to talk about, and I imagine this guy is getting a ton of "ill words" regarding what he's done. Well I decided that this is most certainly news for the chiptune community, and folks should be informed of what happened. I for one think what he did was very immoral, and goes against the whole idea of so many chiptune, micromusic, and demoscene composers releasing their music for free on the internet.
Well, anyway, good friend Pixelh8 has linked me to a page with a ton of information about the goings on surrounding this incident. You can check out the page at this link. This article also leads to many more outside articles for your perusal, as well as mp3s of all the stolen songs in question.