I think AK said that:
5) he had lots of coins in his ninja balance, not invested (which explains why we didn't see the site's total invested drop as he withdrew). Also, since those coins didn't show up anywhere public on the site, they didn't need to be taken into account for the "proof of solvency" stuff. That means the site could already have been operating a fractional reserve. AK taking out his coins meant they had pretty much none left.
5) he had lots of coins in his ninja balance, not invested (which explains why we didn't see the site's total invested drop as he withdrew). Also, since those coins didn't show up anywhere public on the site, they didn't need to be taken into account for the "proof of solvency" stuff. That means the site could already have been operating a fractional reserve. AK taking out his coins meant they had pretty much none left.
So then what? This made ninja insolvent and they decided to run framing AK along the way? How does this explain the IP address matches from months ago?
Edit: if I'm reading the last few pages correctly, this is starting to look like either
a) a very elaborate scam by dmf, with all sorts of planted evidence and whatnot to point to one person - AK
or
b) a very careless degen action by AK who ironically happened to own a fairly good gambling site
Any other options? Stunna framing both of them somehow?
Sorry for replying to myself, but thinking a bit more about (b) I'm still not sure I get the possible motivation behind this. Why shut down a working site and risk being outed as a scam, when it was probably the only chance to recover the lost coins? Obviously if the site was fractional then a big withdrawal would put it at risk, but with some crafty play against investors (mateo style) this could have been mitigated. Unless it was completely drained, no coins left at all? In which case doing a runner was completely pointless anyway. They should have done a "hacker" story instead.