The amount of money involved is quite substantial. There are rumors that one single person had 25000 bitcoins stored at mybtc. That's a very painful amount of

The amount of money involved is quite substantial. There are rumors that one single person had 25000 bitcoins stored at mybtc. That's a very painful amount of money to be panicking about... Another bad sign is that the company behind mybitcoin.com was apparantly set up off shore and nobody knows who the owner is (AFAIK). Just like MtGox, MyBTC.com simply was the market leader by virtue of being first.