Doesn't it seem like they should sell the amount of Bitcoins needed to pay off any debt in fiat and then distribute the remaining coins to each user proportionally based on the amount they had on the exchange? Then you're not flooding the marking with 200k Bitcoins. Also, MtGox users are losing substantial value in this deal since the value of a Bitcoin is pegged at $483 and they're now worth well over $2,500. MtGox shouldn't become solvent once they pay all Bitcoins owed at a $483 price, they should return the remaining value to each user proportionally.<p>Doesn't this seem like the most logical/fair approach?
This appreciation in price has made a lot of shady people fabulously rich.<p>While MtGox still has 200k BTC, the thief(s) went away with 650k BTC - now worth almost $2B - richer then most hot shot unicorn startup founders worshiped these days.<p>If they ever get caught, they should be awarded some kind of prize - biggest and cleanest heist in the history of humanity.
I mean, this is a proverbial "for $2 billion, would you create an anonymous transaction in the block chain?". (!?!)<p>Then there are the drug dealers, the drug market admins who stole coins and all the other hacks, extortions, pump-and-dumps, etc.<p>These shady people are now rich and are probably thinking about investing their money - into companies, politics, etc.
They are joining all the other nouveaux riche from all over the world who made their money from corruption, arms trades and everything in between.<p>Interesting times ahead indeed.
Wow, I'm surprised they wouldn't be selling coin at a slow rate to convert into cash at this point. Basically sell coin until the price drops below what is needed to clear debts, then wait, when it comes up some more sell some more, then wait. Repeat.
I think the obvious thing to do is sell the bitcoins, pay off the debt, make account holders whole again, and then figure out what to do. This seems like a no-brainer.
If anyone's looking for a new exchange, I'd suggest my own exchange <a href="http://bitcoinsexchange.itmustbetrue.com" rel="nofollow">http://bitcoinsexchange.itmustbetrue.com</a>