Lots of speculation going on here:
https://bitcointalk.org/index.php?topic=115669.0The only FACT I see is that Nefario has closed the site and has gone missing.
That "Update:we will begin processing account closures and returning bitcoin later today." doesn't look good either to me. It's so Pirate-style.
Theymos has also gone silent. So far I don't think he is sure of this anymore:
GLBSE user funds are more or less safe
Whichever way I see it, assets are surely worthless now, and coins are likely gone.
(no I'm not a troll. Just a tad frustrated.)