This is very bad news for the bitcoin industry. Hope the company can survive the disaster. Pray for the staffs who are being lay off...
They just flushed 32.5 million down a black hole. This quote pretty much sums up where the company is headed with its current team.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fpuu.sh%2FkpZfH%2Fe70fc009ae.png&t=665&c=E1dqPMnt8Gpwig)
Best chance of survival would be to replace the guy that sent 1.8 million to the wrong person, and that Italian guy that flies around the world burning through cash telling everyone how great the business is doing. Step one in a turn-around must include replacing both these individuals.
Step two. Processing 2000 transactions a day can be handled by 1 or 2 employees, add one for sales and one for reception, and anything over a staff of 5 is overkill. Shift the focus to include payroll integration like bitwage and quit burning cash. That's the best way to right this sinking ship.