Bitfinex was started with the leaked Bitcoinica source code, after it had been hacked. The founders openly talk about trading at their own exchange. I don't kno

Bitfinex was started with the leaked Bitcoinica source code, after it had been hacked. The founders openly talk about trading at their own exchange. I don't know how much more bad light could make a difference. People still trade there because that's where the liquidity is, just like they traded MtGox knowing full well the account database had leaked, it regularly kneeled under pressure etc. That first mover advantage is a problem in the Bitcoin space but maybe that will change with time.