Maybe they are trying to move it to a multi-sig wallet? So I hope.

Stinc have held back steem in my view. The disappearance without any communication from @ned was really poor. Now they are moving funds, it's almost like they are intentionally trying to drive the price down at this stage.

I just hope steem survives long enough for the witnesses to get together and start funding their own blockchain development. That seems to be the most critical work they do at the moment and we should look for some alternatives on that front, just incase stinc continues its dismal spiral downwards.