Yes it is possible at this point. The dev has been pretty active on the forum but under a pseudonym, so not a big reputation backing it. Additionally the source code is closed at this point so no security audits are possible.
I'm not suggesting it is likely that it is a scam, but it is possible.
I'm surprised more people aren't being cautious or discussing this possibility.
There have been lots of people warning over and over again about this.