Looks like a hardfork would have been a better choice. Now this coin is dead.
It seems like someone wanted to kill this coin off. It's the best implementation of a cryptonote coin so far so there is no reason for what's happening. It has a working GUI, block chain loads in minutes rather than hours, aliases, and responsive dev. The leading cryptonote coin is no better yet it dominates due to a couple wealthy benefactors pushing the coin and an obvious partnership with Poloniex to manipulate the market. I'm glad I keep the vast majority of my funds in Bitcoin because in the end Bitcoin will be here and all these other coins are really nothing more than ponzi schemes that will be gone tomorrow. The altcoin world is full of liars, cheats, scammers, and individuals lacking any sense of integrity and no coin is immune to the tactics they will use to line their greedy pockets.
The coin is not dead. The dev team is still here and everything works.