Just no. This is unlikely, its incompetence not malice which is dragging it out this long. My prediction : Withdrawals by wednesday, everybodys happy and life goes on. Oh except for the people trying to sue, they get their accounts locked for a two year legal battle and end up with pennies on the dollar.
It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.
Gox re-enabling withdrawals All the fiat waiting on the sidelines All the open shorts to be squeezed
If all these things happen I think alot of people will miss the train.
Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.
I just cannot see how they are insolvent, its just not very likely at all.
Listen to the last letstalkbitcoin podcast it explains why they would take so long in regards to fixing and also the huge amount of bots that are probably trying to carry out the same fraud so they have to take it all very slowly.
I dont doubt that gox took a hit but no one has provided any evidence that they would blindly keep transfering cold storage funds to their hot wallet and non of their software would do a simple check against total account balances vs wallet balances.
Im kind of considering keeping my withdrawal block on my stamp account till I actually need to withdraw. Stops anyone stealing my btc even if they get in my account ?!