Okay but he sold his coins so the market is okay?
Or there is problem with development? Are you saying that we should sell our coins?
He sold his coins and split. He was in charge of the developing the nanowallet plugin. On the bright side, we're still on track for some of the other wallet updates. This is not the end of MWC, but merely a huge bump on the road.
The dev team is furious right now, because the bad publicity from this event will be reflected on us now and the trust in the coin has ben severely diminished from this betrayal.
However, we will endure and keep working. Just expect it to take some extra time to recover from this.