I believe the supposed theft was possible because they did not isolate (sandbox) each wallet. The compromised wallet was able to send commands to other wallets because they were on the same server or network. That really had nothing to do with the exchange itself.

Maybe my use and emphasis of the word "ton" was too strong but I believe there is value in the framework/customers/...and yes, even the name...although if it was me taking over I would seriously consider changing it. Up until they stopped trades it was the biggest and most successful altcoin exchange (that I am aware of). Other than liquidity issues (being able to withdraw) it ran fairly well. Their only real issue (again from my perspective..I was not a big user) was a lack of funds from the supposed theft.

This is of course me looking at it from the outside. Under the hood it could be a mess and any potential future owner/buyer would have to make that determination. It is conceivable that the receiver attempts to sell the code and any remaining assets rather than try to continue operating. Actually that is most likely what he will do.

Edit: Just realized...the Cryptsy wallets would have had to be running UNLOCKED for the hack to occur.