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To understand Marcus’s risk, you need to understand the technology. An M3U file isn’t video or audio itself. It’s a plain text playlist—like a road map. Each line contains a URL pointing to a video stream hosted on some server somewhere in the world. When Marcus opened the file in VLC Media Player, that software would read each URL, connect to a server (often in a basement in Vietnam or a hacked corporate server in Romania), and start playing whatever was being broadcast there.

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