It's way more complex than that.

When it comes to Phoenix Technologies I researched them in detail, for a few months, many other people and companies checked their background, discussed everything with them, I exchanged cca 50 emails with them asking questions and not only everything seemed great but they were also very professional. Different than MtGox e.g. That's why everyone says it was an unbelievably intricate scam with real victims, yes real victims in this case, not only gullible people new to this whole ecosystem. They also managed to trick Coinbase who were really sorry about it in the end. I'm too busy now to say anything more about all this.

Thanks for your insights.