Ginko is basically letting everyone cash out - up to L$1,000,000 a time, if they get the money from somewhere to do it.

According to the letter on their webpage they are seeing support from some customers, whilst getting a fair degree of abuse from other customers, particularly those that (gasp) don't read any of the SL press. (Are there really such people out there?)

If normal banking laws applied to this situation, it's pretty certain this sort of activity would be wildly illegal, and may still constitute fraud and the basis for individual legal cases, although it's not clear to me how it constitutes an ARable offence - just which of the TOS does it break? I find myself hoping, and I do mean hoping, that somehow they pull through. I honestly don't believe it any more, but I can hope.

For those of you interested in the nitty gritty - one has to wonder, despite all the screaming about the gambling ban being the cause, just how much impact the prolonged closure and the continuing poor trading on WSE had on this. I for one didn't know how heavily Ginko was tied in to WSE, and losing trading for over a week, surely had an impact, possibly a bigger impact than the gambling ban.

[UPDATE:] You can read more about the ties between Ginko and WSE here.