Let me explain what the most likely scenario is - and what the answers are then to your question and some other common ones...
If I were a bettin' man, I'd bet that Deprived has nailed this explanation correctly in almost every detail.
Agreed. Just wondering what the catalyst could have been. Labcoin, possibly? (rhetorical question).
Burnside has been consulting legal experts for a while now. If the closure is due to them recommending it, then it has nothing to do with Labcoin.
He received an offer from someone in Netherlands to move whole exchange there.
https://forum.litecoin.net/index.php/topic,551.960.htmlHello Burnside,
It has come to our attention that operating BTC/LTC Global in the U.S. is no longer possible. We would like to help preserve this valuable initiative. Currently the Lands of Sheraga have VPS's in the Netherlands that could be used to continue hosting the BTC/LTC virtual stock exchange. Placing BTC/LTC Global operations on to other servers may be a solution.
The Lands of Sheraga are a decentralized nation with an aerocratic government. We host our own public services in a decentralized manner. We would love to help save BTC/LTC Global. Please see http://sheraga.nl for more information about who/what the decentralized Lands of Sheraga are.
You may contact us by PM, RetroShare, or using the contact form of the website. If there's anything else we can do to help, please let us know.
Best regards,
Agent725 - Ghelderun Regent
Laume - Ghelderun Watcher