What to do when a Bitcoin Exchange goes Bust.. the lessons of Mount Gox
Lesson to Learn
Bitcoin is a distributed currency, the moment a website has trouble I take everything out of it, keep things locally on hardware wallets and safe. When you put your coins into a central system you are saying you trust it and if it’s been hacked once it will be hacked again. The government will not bail out a Bitcoin establishment (although here in the UK the did Bail out a bank!).
I hope that the creditors do get their money but I think it’s pretty unlikely smaller holders of coin will have any joy with it.