Seriously, it was too easy to hack. They had no firewall up. Believe it or not, they did not secure their servers with ssh keys, instead, they allowed me to brute force the root password. Fortunately, I was able to get in after the night of the 4th day. I didn't get any sleep that night, I was too excited.
I was amazed that the amount of Bitcoins they had in store in their node. To my surprise, they lied about having "the majority" of Bitcoins stored in an offline vault. Unless, this was the 'offline' wallet they were talking about, which was a joke either way. I can confirm that they did not store all of their Bitcoins on this node though, but it was sure a 'tidy' amount.
Since MyBitcoin operates with no fee, I can see their decision to enter redemption be reasonable because there was no way they can 'buy' their way back into these Bitcoins, it would at least cost them several hundred thousands.
I do not plan on dumping the Bitcoins onto the market right away. I do believe that Bitcoin will one day be worth more than 100 a piece. That will be the day when my work has paid off. However, I do hope Bitcoin doesn't crash because of my actions.
Godspeed.
