I think they lost a lot of money due to a bug in their system, where the user could withdraw twice, so they had no other option but to run with the money they had left.
Starting to look that way. Been following coinmarket BTC deposits through multiple transactions, eventually coming across these two final unspent destinations:
43,222 BTC:
https://blockchain.info/address/14e7XAZbepQp9MXXzjNG3fNLoAUpaBAXHW43,250 BTC:
https://blockchain.info/address/1PnMfRF2enSZnR6JSexxBHuQnxG8Vo5FVKI don't think coinmarket could have possibly have controlled around 100k BTC.
Could these addresses be on another exchange now?
Did someone gamble deposits away?
Did coinmarket get hacked, with the bitcoin ending up in some giant piles of stolen coin?