MT.gox announced bankruptsy protection today, saying it lost 850K Bitcoins.

Let's do some reasoning,three possibilities:

1 Innosence point of view. MT would have stopped trading and announced bankruptsy back at the time when they found out the tranaction malleability problem ,instead of z-turning the market as it has done. Ruled out.

2 Rouge point of view.If MT was rouge, they would have made millions of bucks instead of going bankrupt: they can take advantage of their power to buy in a lot of Bitcoins without real bucks, attracking a lot of following sheeps and make Bitcoin skyrockets, sell out at peak.

And, MT guys know that Bitcoin transactions are crypstal clear to everybody in the world. If they had stolen 850k bitcoins, they wouldl be caught when they spend them. They wound kill this stupid and dangerous idea from the very beginning.

Ruled out.

3 Consipracy point of view. Utilizing MT to arouse panic in Bitcoin holders again and again , the market maker absorbs a lot of Bitcoin in low price.

Today, it's just an annoucement for bankruptsy protection, not bankruptsy, please be aware of the big difference of these 2 terms.

And, in few days , MT will have an annoucement like this:

I'm happy to tell you that after working with the help from Bitcoin technical experts, we've found out the real technical problem: one transaction malleability problem triggered a bug of our software, and caused messed up shuffle of all the passwords and private keys, which then made all the automatic withdrawal transactions failed.The truth is , all the Bitcoins are still under our control ,they are not lost. We've rebuilt the password-private key database from the logs, and will resume Bitcoin withdrawal in a short time.

I'm very sorry that I followed a wrong judgement made by my technical team and implemented a series of radical reactions which caused panic in the market.