Interesting. I almost feel bad for them. Regulators that made it difficult for them to use regular banks are coming down on them because the only shitty quasi-bank they could find tried to rip them off.
As usual, the crime is in the cover up.
Naaah bullshit. Their whole raison d'etre was as a dollar exchange. The only thing they're doing is providing dollar exchange. Their core function is as a dollar exchange. Their fundamental mission was to enable the exchange of dollars for cryptocurrency in a safe, trustworthy, predictable way. They couldn't. They lied. They said they were doing one thing and they did another and in doing so they rushed ahead of other, more cautious organizations that found it too hard because they were honest. Know who Dieselgate really fucked? Mazda. Mazda spent billions trying to get their diesel emissions as clean as Volkswagen's but curtailed their diesel vision significantly when they couldn't match VW. Then lo and behold it turns out VW had been lying out their assholes and Mazda makes the cleanest diesel engines in the world. But they don't hardly sell any of them because they scaled their product way back because nobody wanted to buy a diesel car that was dirtier and more expensive than Volkswagen's because Volkswagen was busy polluting their asses off. Now? Now diesel regs are changing, diesel appetites are changing and Mazda, with an actual technology that actually works, can't sell fuckin' diesels. Oh, but it was hard doing it right so we should get points for trying even though we did it wrong. No. Fuck that. The crypto narrative has been MtGox, Son-of-Gox and now Bride of Gox because a whitepaper and an exchange and a willingness to lie gets you $850m. I hope they fucking burn.