Hacks do happen though. i hope this was the case.
Only problem with the hack excuse is there was nothing to hack.. there were no wallets to hack with coins in them yet so what could the hackers actually steal ?
I think the issue was to do with people using the same passwords for their ETN login as their email address - why else would Richard have asked users to change their email passwords first and then reset all the ETN passwords? My understanding is that if the hackers got in by hacking Yahoo and Hotmail accounts (among others), they could have also set up bots to withdraw the tokens as soon as the system went live.
That being the case, the team did exactly the right thing by postponing the release of the tokens.
My only question is to do with acing the blockchain go live before the token release - just my opinion, and for what it's worth, any tokens I have are never going to be sold in the short term - I think they should have postponed the whole thing until the system was fully up and running