Turns out today that Bitmarket.eu was heavily invested in Bitcoinica and got owned as well. Along with most of its customers. Admin held it a secret for half a year until he ran out of funds very recently. A perfect date for the end of yet another exchange.
Just when you thought Team Zhou/Intersango couldn't fuck the Bitcoin project up any more, months later you find out the clusterfuck is even larger than life. That's what they call a domino effect.
Good thing I switched my passion to litecoins a long time ago. No disasters as of yet.
He was using customer funds to short Bitcoin. You can't blame Bitcoinica for that. Chances are that he would have kept chasing his losses had Bitcoinica not folded. At least Bitcoinica's liquidation means there's some possibility of a portion of customer funds being recovered, although that's not much compensation for the fact that someone essentially used their funds to play at the casino without their permission.
Also, businesses making claims in the liquidation should be doing so as businesses and not as individuals. So at least claim as "Joe Smith trading as Bitcoin Scam 5" instead of just "Joe Smith" - otherwise there are going to be even more legal shit-fights.