Too easy to redistribute the coins? Just use the blockchain explorer to verify what ever you need about the funds.

All the accounts are controlled by members of the nem team. They use nem's native multisig to ensure that nothing can be moved without at least 5 different people agreeing to do so.

If the devs wanted to scam people why didn't they exit in december when the combined funds were worth over 7 billion usd?

Nem Foundation hard at work all around the world:

https://forum.nem.io/t/nem-foundation-update-august-22-2018/18976

Here you can see the final distribution statistics and explanation of the various funds nem has:

https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#

And here is the rich list with the different fund addresses named:

https://nemnodes.org/richlist/

You only need to enter the private key of the delegated account not your real private key. There is no way to access your funds through it.

More info on the nem forum: https://forum.nem.io/t/nem-tools-com-automated-delegated-harvesting-export-of-transactions-and-more/5648/

To my knowledge this was the last official statement made about the hack:

https://medium.com/nemofficial/coincheck-hack-update-removal-of-mosaic-tagging-system-18b4157ff060

In the end they apparently managed to launder all the xem and didn't get caught.

It's quite amazing how well nem was able to absorb almost 6% of all existing xem being dumped on the market during a general crypto downtrend.

Weird.. I just tried it and it's working for me. Maybe it was temporarily down when you tried?

Here's a site with the supposed addresses:

http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

No idea how legit it is.

You can just create a new private key wallet in nano wallet with your private key.

Or you might be able to log into your wallet in the last working version of ncc (https://bob.nem.ninja/last-ncc/) and try to export it from there.

I don't think ncc is supported anymore.

Just go to https://nem.io/downloads/ and download the "Universal Client (with Trezor Support)".

If you need further assistance you should ask in nem telegram group or on nem forums.

Well nem has been doing really well in asia lately (upbit 24h high 1,530krw = ~$1.4) so if the chinese market will be anything like the korean/japanese markets it could be huge.

The JPY and KRW trading pairs are holding strong for now but we could really use a dollar or euro trading pair soon.

Upbit daily high 1140KRW = $1.0488 !

Why do i feel like this is just the beginning?

Nem at 910 KRW ($0.837) on upbit with $131 million in volume.

With the koreans waking up to nem $1 will be just the start.

https://upbit.com/exchange?code=CRIX.UPBIT.KRW-XEM

Yeah Nxt was the first ICO and as it was a weird concept back then from what I've heard only around 20-40 people took part in it which created a really weird situation where those initial whales pretty much became millionaires overnight for very little investment but had no way of getting that value out of Nxt and into Btc/Fiat because trying to sell any substantial amounts would instantly tank the price.

This was pretty much why Nem was created in the first place. A coin that would replicate the great tech and fix the biggest flaw that was the distribution.

Thankfully Nem became much much more than Nxt ever was.

I would be careful with Nxt. Nxt was the first "blockchain 2.0" coin out there and their tech has always been ahead of the curve yet nothing ever happens because of the absolutely horrible initial distribution that will forever haunt that coin. I've been watching Nxt since it was launched (I found Nem through Nxt) and every time it starts to rise a massive dumping from the whales who have been waiting 5 years to cash out begins.

That might sound reasonable in theory but in practice who would want to try developing for the nem ecosystem if they were in a significant risk of getting into heavy debt were their project to fail?

The fund was never meant to be self sustaining. It's a limited fund that is supposed to be invested into the nem ecosystem and when it's gone it's gone.

In short term this might seem wasteful but if you look into the long term the larger the ecosystem is the more projects there are on the nem chain and the higher the market cap will go.

Higher market cap not only leads to more profits for investors but also increases the value of the other funds (marketing, core dev fund etc) (and the remaining community fund as well) and leads to more visibility which brings in new users and developers.

I would argue the ecosystem is almost the most important thing for a cryptocurrency and the more we "force" it's growth now the faster it will start to grow organically.

Just look at bitcoin - by today's standards bitcoin is a horrible cryptocurrency, it's extremely slow and expensive (hell just the other day it took me 25 minutes to get a transaction through with priority fee) so why is everyone still using it?

Because it has a massive ecosystem - so many projects, companies and users are running on bitcoin it's not going anywhere but up for now.

It won't matter one bit how great our tech is if we can't grow the ecosystem out of just the core investors and community - and that is exactly what the community fund is for.

Don't feel too bad, thats just the way things often go with start ups.

Just push forward, learn from your mistakes and start thinking of new ideas.

In the current world of crypto if we can get even a few great new nem related projects it's worth it to see it through a couple others that end up falling short.

Your memory is correct that is all they received. It's easily deducible from looking at the official Final Development Contract (https://docs.google.com/document/d/1TKTIakxUEotmTN4Et80EI7d-8XifgFZ4aBUGAukgLfY/edit#heading=h.xchkdqowarsb) and this blog post (https://blog.nem.io/update-sustainability-fund-final-redemption-numbers/).

As we can see the original amount in the Community Fund was 306,056,439.91 XEM and looking at the rich list(https://nemnodes.org/richlist/) we can see that there is 294,806,244.91 XEM left in the fund.

That is 11,250,406 XEM spent so far of which 5 million went to apostille so that leaves only the 6.25 million transaction you provided. + The 406 XEM i take went to the fees.

Guys you need to research before you panic about every single stupid rumor that gets thrown around in here. Remember EVERYTHING is documented in nem although i must say the documents could be somewhere where they would be a little easier to find.

Where did i ever claim my name can be found on the rich list?

My security was more than lacking when i received my stake so when i got better about these things i moved my nem to a new private key so no you won't find my name on the rich list. As for the post count i only post when i have a real opinion to contribute as i did this time. I'm the one who first proposed using the sockpuppet stakes to form a fund on the nem forum [edit - it looks like it was on the new forum after all] (I did not figure out the specifics). I've kept a close eye on all the nem topics here and on nem forums ever since 2013 so yes i think i'm pretty well informed about the community fund and what it's supposed to be used on.

As for who you are and why you are attacking people here based on post counts and what not i have no idea.