I can't think of a more relevant situation to apply Hanlon's razor.
edit: Deleted comment suggested MtGox was manipulating the market intentionally, to benefit from the price drop.
edit: Deleted comment suggested MtGox was manipulating the market intentionally, to benefit from the price drop.
When the official explanation doesn't make sense, you must ask if there is another explanation that makes more sense. Who benefits from their actions and statements?
A lower price would presumably benefit Mt. Gox if they've been scammed out of Bitcoin and don't own enough to fill withdrawal requests.
Since Mt. Gox has been unwilling to prove how much Bitcoin they own, it seems like Occam's razor may be more appropriate here.
Another great denial was when Karpales refused to admit anything was wrong with their php trading engine that sat on the same server with the website, and DOS were going on from issuing too many quotes and filling the server memory.
Now he is denying his weird php implementation of bitcoind has any faults it must be a bitcoin protocol problem.