Why is everyone still bothering with this?  There are plenty of real coins to invest in and mine.  There are two scenarios for this:

1) Dev is telling the truth and did get scammed by other team members.  If this is true then that isn't exactly a confidence inspiring fact.  Nobody in their right mind would be interested in investing in this.  If a rollback happens that will only make it worse.  So in essence the coin is DEAD.

2) Dev was part of the scam and has now decided to move to plan B after Bittrex foiled plan A.  People get scammed again. Whether his plan works or not the coin is DEAD.

I think a reality check is in order.  

This really can't be revived, particularly with this developer in charge.  He would need to provide extraordinary proof to convince anyone with half a brain that he is legit. 

Also if that happened he would need show that his poor judgement was an extreme aberration and unlikely to happen again.