The coins are now in several hundred new addresses with 300-2000 BTC each. If it's actually using the splitBigOutputs() function they should end up in 30k different addresses holding less than 10 BTC each.
This.Yes probably u are right, it's really unfortunately for all people who lost btc in that way.
Understand, though, that if it stops at 30k addresses with 10BTC in each this could be interpreted as a positive sign, as it would mirror what looks like Gox's hot wallet loading procedure.
If it keeps going then I suppose we keep watching, with a sinking feeling.
