Another obvious reason they've been insolvent for a long time is, a guy I know from one of the trading channels I'm in (Expanse dev - not franko, the other one) tried to make a 100 BTC withdrawal from Finex like five days ago and what happened? Finex canceled his withdrawal, gave him some bogus excuse, put his account on hold, and refused to let him take funds out.
Just more evidence EXP devs are getting rich pumping and dumping on their followers.
yah, that doesn't look good. it actually pissed me off to be honest.