You're all not listening to what I'm saying. I am sorry this happened, but not because a large amount of money went missing but because it affected people in personal ways. Affected them personally.
That's the problem. You should also be sorry that a large amount of money went missing. Also, you should know better than saying to a client that you could care less about the large amount he lost because he can still make ends meet. Even if you thought so, which is bad enough, you should know better than to speak it out.
I'm confused about why didn't you hand it over to someone with liquidity to cover losses.
This is going to sound like "hindsight is always 20/20" but I was worried since the very moment you guys got involved in Bitcoinica and pulled all my funds from both Bitcoinica and Intersango (thank ****). You are 3 young lads running an exchange, which I used by the way. Why would you get involved in a margin trading tool that had been hacked a number of times before? didn't you have enough trouble with the exchange? got bored? even with a conference coming up in months?
This kind of reckless and unprofessional attitude doesn't belong in finance and it's commonplace in the Bitcoin community (no need to even point fingers at anyone). Mainly because it's run by kids. The community needs to mature ASAP and you guys should hand over your business to people like Roger Ver before you end up in jail. We need more people like Roger and fewer like you, the chinese teen and the emo guy who's involved in 200 projects and delivered none to a decent standard.