The whales decided that gox was not worth saving. Although we don't have all the facts obviously, I feel that every attempt should have been made by the whales to come up with a solution to gox where everyone received their cash/bitcoin. This opinion is purely about a business decision to protect and save bitcoin, and has nothing to do with any moral decision to help the gox customers. You get into bitcoin and you understand that you could lose everything for whatever reason.
While the cost to whales to work out a plan on gox may have been great, the long term cost TO THE REPUTATION OF BITCOIN of not doing so is much greater. My friends, no matter what the people on this board try to tell you, or what writers on coindesk try to do to keep your confidence up, or what whales try to do to stabilize the price around 560 to give the impression that all is well, BITCOIN IS NOW DEAD IN THE WATER.... ALL THE MOMENTUM AND EUPHORIA ARE GONE.
It is no longer viewed as a promise of something great, it is viewed as a very dangerous stupid way to lose your money. I sold enough to have somewhere between a double and a triple, and will hodl the rest. It's too bad it had to play out like this. I hope that I am wrong.
Pure nonsense, is all I can see in this thread.
Everyone should have listened back in '11 and left MtGox then.