So about 20 minutes prior to this post was the 2nd launch of Electroneum.com which was supposed to give access to the ICO backers wallet funds. Currently everyone is in freaking out because they just ddos themselves.
The company new this was coming, and did not take precautions to ensure that it all worked, and could survive the onslaught of users accessing the wallet. I am still long on the position just because the blockchain is out of Richard Ells hands, but have no faith in the company behind the Electroneum Blockchain at this pont in time. The price has plummeted by 200 sats, and is set to go well under 60 satoshi.
The first launch was a failure as the ETN failed to realize people would crash their services when trying to access them. Then they claimed a security threat, and kept the wallets locked up for 6 weeks while "Hackerone" completes their process.
A lot of the community backed this position, but I felt it was fishy from the begining.
Now we see their 6 weeks of extra work has led them to another failure of a launch.
I make a post when I do get through, and hope that I can lead people to some guides on how to transfer their money out, but as of right now this thing is tanking, hard...