I find it somewhat ironic that they are shutting things down to avoid a run on the bank. They can't go to fractional reserves without essentially upsetting the ideology of many of their users and they cannot let their users take money out because they didn't implement the most basic accounting procedures for these things.

Sadly, this is the precise reason banks are generally heavily regulated. Without that regulation, corners get cut and millions of dollars get stolen with no recompense.

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