NxT's price is collapsing because one of the original NxT whales (40 million) downloaded a keylog file and presumably close to 7 million has been dumped by a hacker so far and another 33 million will be dumped. He had passwords to wallets worth several $million on a text file on his desktop.
https://nxtforum.org/general-discussion/price-speculation/5440/This does relate to NEM as it is entirely traded on the AE and NxT's price changes has a huge effect. A $500 NEMstake is possible if NxT continues to drop in price.
F*ck!!!
When will people learn and stop using windows OS and other closed source
operating systems.
Actually, Klee compromises computer was a mac...
but the stored files were on drop box (open SSL) and Klee never changed his password after heartbleed. It makes you wonder how someone so careless could be entrusted with that much money. Klee not only lost his own money but he also lost the NxT's community fund.
That should be a lesson when NEM has its' funds that they need to be cold storage and require multiple layers of authentication involving two or more people before they can be moved. If that can't be handled or done then arguably there shouldn't be any point in having reserve funds if they can't be secured.
Never mind, it's open knowledge that any drop box employees can look into your files and I doubt their management cares if you steal "magic coin" (especially non-BTC "magic coins"). Heck the local police departments often have that "he stole your coins? You mean World of Warcraft?" reaction to this crypto currency crime.