Seriously, What the hell happend? Is this all because of the transaction malleability?
The confused the fiduciary accountability thingy, with the 'rob peter to pay paul' thingy.
Care to elaborate?
People gave MG their money to safeguard it with great care. They also trusted MG to inform informed them of any issues that would cause their funds to suffer loss at no fault of their own. When MG stopped allowing withdrawals,
for whatever reason, they knew or should have known that it would negatively impact the overall market, and likely cause irreparable damage to their own customers if allowed to remain more than 3 days.
3 days the withdrawal stop other cryptocurrency exchange began to distance themselves from MG in a responsible fashion as not to further disrupt the market. The resulting separation allowed the overall market to adjust in such a way as to view MG as an absentee player, at that time MG btc values were material divergent from all other exchange btc values. At that time MG should have reconsideration it's policy to allow any public trading of btc at all.
They knew or should have known that the ever widening gap, at that time 50%, would surely inflict massive damage on the already damaged holding.
It is my position that MG acted recklessly in they fiduciary responsibility to exercise great care over the customer funds in their control, furthermore that their irresponsible behavior needlessly caused millions of btc holders to suffer permanent financial loss as a direct result of their poor communications of what MG claims to have experienced, solutions for the problem, and a good faith timeline for correction of the problem.
I ask that damages be awarded in the amount of $1B and that treble damages be awarded since this pattern of irresponsible behavior appears to be internally systemic, pervasive, and chronic.
