Dead coin. Big shame.
The project is still alive. There is a defunct Veil that was a prediction market and derivatives platform.
Veil privacy coin will be making a major development update soon so stay tuned!
Maybe he was talking about this particular coin, since he/she maybe don't like that the price went under the water. I remember Veil when it was like $0.20 and now... we all know how much is it.