It's funny, because I saw your post in Meta asking "What is happening with the discussion board?" That is what drove me here, because I was having a discussion about this exact story over dinner tonight. Plus, it's not often that someone is actually interested in doing more than creating a mega-thread, here.
My girlfriend's father, who knows nothing about Bitcoin occasionally sees a headline or two and it sparks a conversation. He's very pessimistic about Bitcoin, as the other headlines apart from the Japanese exchange was "Bitcoin down 10%" without realizing that it was just at $8,000 a few days ago.
There should be some internal checks and balances that don't allow for a user to place bigger buy/sell orders than the entire market cap. You'd think that would be suspicious? If I'm not mistaken though, this exchange didn't actually lose anything though or only for these trades to remain; they did not allow any withdrawal of this coin or funds either, is that right? If this is the case, then they'd better count their lucky stars they haven't added onto the
Billions of $ stolen in similar ways.
Companies are too eager to get involved with the cash-flow and they don't take a second look at their programming before realizing that they are prime targets for exploitation. Ripe for the picking, so to speak. This is what happened with the Double-Spend exploits awhile back too.
You'll find these deals someday, but then your coin will be revoked before you can withdraw it so it'll be a disappointing rush at best.
