Wow. Looks like completely unregulated currency exchanges are not such a great idea. I understand that the names of people behind Mt Goc are at least known? But will they be prosecuted in Japan if they will just decide to never give the deposited money back to people? Hack or no hack?
If regulation hadn't forced people to keep their fiat on there forever this wouldn't be such a mess.
It's quite credible that the 6-month lockdown on wires was caused by banks who don't dare transfer any serious amount. The software issue now is probably minor in comparison, but in combination the two created huge chaos.
While Gox screwing up is an the issue, for all we know regulation still did the larger part. The reason Gox got hit harder was supposedly Silk Road money sitting there, which also sounds credible to me.
"Regulation" really just means blocking everything for hardly any benefit. In the end it doesn't recover lost funds either.