Just wanted to note that no one in the industry had even heard about this exchange before. It's not a real Bitcoin exchange. It was some sort of pure ponzi scheme that didn't actually even provide any sort of Bitcoin exchange, simply claimed that they do.
So no, this was NOT another Mt. Gox. Mt. Gox was an actual Bitcoin exchange and also the largest exchange in from 2010 to 2012. MyCoin wasn't even an actual exchange.
Get your facts straight, please!