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.
This is why we are building a feature into NEM that should help prevent situations like this. Welcome to Crypto 2.5
TaunSew as is always the case is posting misinformation. Yes, Klee was original stakeholder who started with 30 million Nxt back in 2013 but he only had 3 million Nxt left. He also controlled around 3 million Nxt in infrastructure committee. That's a lot less than 30 million.
He lost 1 million dollars (1100 BTC) in BTC -- not in Nxt.