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It's because the miners and the ICO investors haven't been able to get to their coins yet. There was a security breach on the site and they are working with Amazon to make sure all accounts are safe. They are keeping their patrons up to date through their FB page.

https://facebook.com/electroneum

I can see the coinbase logs and miners definitely have been able to access their coins as there is some accounts with more than 100 ETN balance and some pools have minimum limit set to 10 ETN instead.

that titanic is starting to float

I don't think so... Official server is still down, official pools are pretty much overloaded.

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