If cryptsy can survive depends on how much their debts -/- assets are. It the difference is too big, no other party would want to take it over.
In a way it would be good if they could survive and/or having the 'hacker' return the funds. But in am very sceptic.
10k btc, 300k LTC (+ 35k btcd and 230k X11) and maybe these are not everything. Also there are some ongoing class action suit against Cryptsy likely will have to pay not just for the coins but also compensation for damages. So it will be a messy stuff what can last for years. I'm not sure if any investor want to jump into such trouble.