Yeah, their explanation didn't make a lot of sense. Mt. Gox was notoriously opaque, and what little they did say publicly was often flawed in ways similar to w

Yeah, their explanation didn't make a lot of sense. Mt. Gox was notoriously opaque, and what little they did say publicly was often flawed in ways similar to what you describe. That said, it's not impossible that, say, a rather young hacker got into Mt. Gox, and naively sold stolen coins during the incident. Most people are not familiar with how exchanges work, and so they may not have known that a large sell order would evaporate the order book. It's important to remember that most people who are adapt at technology do not necessarily have financial acumen as well. It's a tangential skill set. But yeah, we can speculate in all sorts of ways. Maybe the 2011 hack was fake; a way for Karpeles to pilfer the coffers. Again, hopefully something more concrete will come out of the trials.