Why did GLBSE close? Why is BTC-USD dropping hard?

[goxed]

Any news? I hear that the owner of GLBSE has defaulted. What did he default on? Why is he lawyered up?

[semperferox]

This is all I know: https://bitcointalk.org/index.php?topic=115669.0;all

[tHash]

As for the value dropping.   Someone is using the opportunity to crash the market, it seems.   Mix a bit of negative news and FUD with some sizable sell walls and you can push the market down without it costing too much.   Hard to say when it will turn around, but I doubt we have hit bottom.   Smart people will hold on, it will come back.   It's not like bitcoin is going anywhere.

[semperferox]

Smart people will hold on, it will come back.   It's not like bitcoin is going anywhere.

As any smart person knows, you buy when the price is decreasing. Anything else is lunacy 

[nomnomnom]

AFAIK he hasn't defaulted. But he his scared about possible legal problems and thus is closing down.
At least that is what i've read so far.

[SEC agent]

Why would a person who offers unregulated securities based mostly on ponzis close up shop once the SEC starts investigating related unregulated securities?

It is a mystery!

[goxed]

Why would a person who offers unregulated securities based mostly on ponzis close up shop once the SEC starts investigating related unregulated securities?

It is a mystery!

Oh okay, TLDR Nefario (GLBSE co-owner) claims SEC involvement with GLBSE.

[goxed]

BTW SEC Agent, where did you suddenly pop out from?

[SEC agent]

He hasn't claimed anything yet.

I didn't "pop up", I've been here a while.

[Bitznbitz]

Bitcoin to be made even on bad news.