Yeah, this is very suspect...declaring insolvency and preferring some customers (those with alts) over other customers (those with BTC). This is also quite illegal. Does he need a powershovel to dig himself a bigger hole with the authorities?
How is this illegal?
You can't just shut down an exchange then choose to disperse the remaining assets to a few customers.
In addition to that, since they knew of the theft and did not report it. Instead trying to do it cowboy fashion and fix it themselves.
They say they contacted the FBI with no response. I just have one question here.
Do you believe that?
Heads will roll.