Its not dead. The guy who tweeted about it deleted his tweets and claimed it wasnt him who tweeted. Sunerok the developer himself has been active on twitter posting about the developments being made in the verge project. Just go to Github and check all the commits made by the time during christmas time. Numerous reliable sources have reported that they met with sunerok the developer of verge and he is working hard on this coin so please enough of this fud which has already been busted