We have been made aware of this rumour and would like to briefly comment, as the developers of MaxCoin. The rumour is completely unfounded and it is to our great regret that people believe it to be true.

Firstly, does it make sense that we would appear on television, on the Keiser Report, as named guests, if we were performing a pump and dump scheme? This is an illegal, not to mention hugely immoral, activity and it would seem foolhardy at the very least to do so. The identity of the developers is widely known and, due to this and the connection with Max Keiser, we are one of the most transparent altcoins available at the moment.

Whilst the launch was regrettably rocky, for which we apologise, we have continued to maintain MaxCoin, releasing software updates, working on affiliated services and trying to establish deals with exchanges, stores and payment processors. We will continue to do this for the foreseeable future and, additionally, are looking to encourage community developers to expand the project. To this end we are currently exploring the possibility of raising some capital to allow bounties to be offered for development.

I hope this assuages some of the doubts of the community. Please also be aware that we are not active on this forum and that the use of Twitter is the best way to contact the development team.

Thanks,
The MaxCoin Developers