Yes, as per the recent news mtgox trustee reportedly sold 400 million worth of bitcoins and bitcoin cash to the open market without returning it to the rightful owners. The sudden increase in supply has crashed the price down. But I am sure the effect is just a temporary one. The market will normalize very soon and it will look brighter than ever.

But it is not technically possible to delete their wallet from the chain and forking is not a solution to this. We have to wait until the supply becomes to a normal stage again. I am sure this not going to hurt the market for long term.

Instead take this opportunity to buy more at cheaper cost.