I don't get it. Not so long ago Bitcoinica lost 40k BTC due to Linode hack, and they could afford to fully reimburse the amount and continue normal site operations. Now they've lost "only" less than half of it, and they're closing down? What did change in the meantime?
New owners don't wish to recoup money lost... Interesting, very interesting indeed.
"Let's just get a $100k hit and leave it at that."