
were it an inside job??
I wonder why so many exchanges had been hacked? are their security the emperor's new suit?

Amateurs build exchanges, that's why.
Nearly all exchange had happened such as "hacked", even Mt.Gox, BTC-e, and Bitstamp were too, no matter some exchanges built by amateurs like Bter and MintPal.
Whatever is it an inside job, the security with exchanges is bad extremely.
So far, I just know that only LakeBTC didn't to be "hacked".