Matonis’ on fire.
“Large financial system websites are some of the most lucrative online targets and bitcoin has the added dimension of a target-rich environment that rarely results in prosecution. Not only is it difficult to prosecute the individual or individuals responsible for the hack, it is difficult to prosecute the financial site itself for negligence due to the many disclaimers inherent in voluntary and unregulated service providers or due to complicated offshore circumstances (although New Zealand does offer a dispute resolution scheme for Bitcoinica retail clients). Additionally, there is always the possibility of an artificial hack staged by an insider. Therefore, self-regulation is the order of the day and in the sometimes jurisdiction-less environment of the Internet, bitcoin entities and their customers currently operate under their own brand of lex mercatoria to enforce accountability.”