This site seems to be managed by a try-hard. They are posting lies and then going step by step, supporting them with another lies.
Want a proof?
First sentence from the linked article "PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam," leads to another one: "Currently they are being investigated by the SEC for their questionable business model and their operations."
Which is a lie. Somebody (probably the author of this "article") even made a fake screenshot of the site with scheduled GAW investigation, but there's no trace on the real site.
http://www.sec.gov/litigation/admin.shtmlThe question you should ask is why would anyone try to make people think they are being investigated.