“Mt. Gox will close for one month as part of a four-step rebranding plan”
LOL. $350 million and they are going to “Rebrand”. That will make people trust them.
If I had engaged in a $350 million transfer of wealth, I don't think I'd go back to the well for a second try.
It worked for Ally Bank!
Currencies without rule of law and ability to enforce such law with police and armies are doomed to fail.