SEPA withdrawals working faster than ever, and next day JPY withdrawals always working is not a sign of financial trouble.  Some high volume days more than 20% of their volume has been from sales in JPY and EUR.  I expect those money leave for arbitrage pretty quickly, and look!  Difference between exchanges went down pretty fast as well!  So far nobody has complained about late domestic withdrawals, except one who got it late because he misspelled his Japanese name.  And how on earth could MtGox have spent tens of millions in half a year, which would be required to get in financial trouble?

Please elaborate.  In the time leading up to this, the following happened:

• SEPA amount per day limit hit (a very long time ago).  Many Europeans choose international wire instead.
• LR was busted, AurumExchange closed.  Withdrawal to several e-currencies no longer possible.
• OKpay stopped dealing with Bitcoin exchanges.  Another popular withdrawal method gone.
• Dwolla stopped, all US customers now have to use international wire.
• MtGox overloaded their bank with small wire transfers which would normally have gone through one of the methods above.

This was a short summary of the official story, and it looks perfectly plausible to me.  What I have trouble believing is some diffuse story about MtGox somehow wasting tens of millions of USD to become insolvent.  You need to elaborate on that.

In their bank accounts, of course.