They failed to set up a proper testing pipeline. They failed to fix known issues with their BitCoin implementation after months. This would have been much easie

They failed to set up a proper testing pipeline. They failed to fix known issues with their BitCoin implementation after months. This would have been much easier had they actually built up their organization with all the profits they were seeing. As CEO Karpeles should not be touching code - he should be managing what was a large and growing company and building up a competent organization so that it could adequately manage a quickly growing amount of other people's wealth. But judging by the fact that Karpeles has still been coding himself, Gox did not build up its organization at all. It seems like he probably wanted his overhead to stay low and avoid paying people who were better than he was to fix the rather significant problems with their BitCoin implementation. Which means this isn't just a tale of incompetence it's a tale of greed.