Also: Step 1: Spend users' deposited BTC until you can no longer cover withdrawals. Step 2: Freeze Bitcoin withdrawals. Step 3: Wait while the internal Gox B

Also: Step 1: Spend users' deposited BTC until you can no longer cover withdrawals. Step 2: Freeze Bitcoin withdrawals. Step 3: Wait while the internal Gox BTC price plummets as people try to get their money out. Step 4: Buy up the "bad" BTC at the deflated prices until it's all gone. Nobody will ever know the difference.