There's a fork of Monero called MoneroV.  Instead of just forking the code and starting with a fresh blockchain, they're using the same blockchain.  This can potentially damage some privacy - but there are mitigations.
In order to entice users to adopt XMV, they're having a 10:1 airdrop.
They're going to limit supply to 12m coins.. but they're taking 1m for themselves.
The have not released their code - for "reasons".
It was supposed to happen today, I think, but they pushed it to the end of next month.

IMO, all of their reasons for a fork are non-issues...certainly not enough to warrant what appears to be a full attack on Monero.  So you kinda-sorta have to question their motivation.  I think it's a cash-grab and an intentional "FU" to the Monero community.