This weekend i had a beer near Frankfurt with some of the corez people (they are really only 4 to be exact).
Basically they bit more than they can chew, but i have some good news - they will be back on project really soon.
They are in talks with some of the fundraisers from mutual and pension funds in Frankfurt; those people have to invest and their pitch is ok. You have to realize, Germany is way more regulated market than any wild west chinese or indian project where people just put their profile pics and hope for the best.
I am confident this thing is coming back, might even spinoff but it's far from dead.