there was no error, if you read between all of the fairly clear lines, Alex Green is a chronic con artist who essentially orchestrated the buy of Mintpal in order to raid it, as well as plunder the financial resources of his financial backers.  Green (just one of his many aliases) did not appear to have a long term perspective, to a sincere desire to "manage" an exchange on a day to day basis, the income is too small and too slow, it is apparent that he rather go for the "oh, I'm sorry this didn't work out, let's go bankrupt and start over or I quit" route.

Mintpal was relatively new to the crypto market, it developed nicely, had it not been for the hack it probably would still be sailing along.  However once in the hands of Moolah it suddenly suffered where it had no problems.  Remember, it was supposed to be taken off line to improve and upgrade security however when it came back online it was worse, in every way.  It was literally set-up to fail.

Mintpal and Moolah was like night and day, good and bad, the contrast was so sharp it caught everyone off guard.