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RE: How Did a Steemit inc Member Withdraw 4 million from 8k SP
I believe this is the case, Steemit Inc took advantage of the fact no one knew the power of vesting Steem and when there were no posts and no one competing, the inflation was insane.
Hence why they call it ninja mine.
i thought the ninjamine was the time before this when the initial stake was created
here is the premine period https://steemd.com/@steemit?page=15