Bitcointalk.org user and BitMarket.eu operator M4v3R should be tagged as a scammer for clearly violating his terms of service and putting user funds at risk and losing user funds.
From the Bitmarket.eu Frequently Asked Questions"How does BitMarket work?
BitMarket functions in a similar manner to a stock market. Unlike some other exchanges, we do not take any money deposits, but only provide an Escrow service for Bitcoins so that the buyer can be sure that he/she receives their coins even if the seller changes his mind. Of course, if both parties agree, it is possible to cancel transaction."
"Are my Bitcoins safe with BitMarket?
Yes. Our wallet and database are first backed up, encrypted and then copied to an external location on a regular basis."
FROM M4v3R's statementI thought I could provide a hedge fund service for Bitmarket users...And there was one - Bitcoinica...I was so convinced with this idea... that for a while
I kept majority of "offline" Bitmarket funds there...the funds were shorted when it happened (converted to USD and sold)...So while there is still chance to recover the funds...it will be not enough to cover all people's funds...For the record - there are 19980 BTC missing...I don't have own money to pay for this loss ...
No where does is say he would hedge users funds.
No where does is say he would SHORT user funds.
No were does it imply that any user funds would be put at risk.
While M4v3R has apologized for this failed action and is evidently trying to recover the bitcoin community MUST police itself and make it clear any and all fradulent and duplicitious activity such as this will not be acceptable.
Therefore I would call for a scammer tag for user M4v3R.
Full disclosure: I am not a user or a creditor of Bitcoin.eu.