Nothing has really happened. My understanding is the Devs in general are late with updates, mainly because they have other real life concerns and are seemingly working on this project for free at the moment. So v 1.4 being late isn't a concern to me at all, especially since the main dev has explained his week long absence on the Discord channel.

The price drop seems to be in large part because of the above linked forum post calling XSpec a scam, and then using only a few lines of code to prove their point. What bothers me most is that while the code may be simpler than we expected, the devs aren't making off with millions of dollars of investors funds. THIS IS NOT A SCAM! It may not be the privacy changing coin we all expected, but to call it a "scam" is idiotic. A poor project would be much better English than calling it a scam, although I think the project is fine.

Personally I don't mind the FUD because I've been able to quadruple my XSpec holdings this weekend alone. The project is fine--stop letting price changes over short periods change your opinions. (Or keep panic selling to me, that's fine too!)