I don't understand how people could have withdrawn bitcoins, used transaction malleability to make gox think there was an error and resend the coins... to the tune of 750,000 BTC without mtgox noticing something was wrong... am I missing something? or is the loss related to something else?
Gross incompetence on a scale which goes magnitudes beyond what MtGox's harshest critics could ever possibly imagine.
I mean in accounting the absolute most basic reconciliation is to balance the chart of account against the actual funds. The books say we should have x BTC and we check and yup we have x BTC. The books say we should have y USD and yup we have y USD. This isn't to say accounting should end there but this is the absolute most basic check and for the story to be believed they simply never did it for years.
Not to mention community out-cry for a confirmation that this most basic level of accounting was done, also for years. How many extra-large cups of chocolate-caramel-topped heavy-creamer does a guy need to suck down before things like this stop being a concern?