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Dead already. Unfortunately I lost a lot of money on this project.
You should check out their Telegram channel though. I do not feel the need to present myself as the eBTC spokesman or defender, on the contrary, I have proven in the past to support this project with quite a critical attitude - just read my posts in this thread from the last months.
However, there's still some things to consider.
There's a new website, with a new roadmap, which have been launched in recent days. There's a "new" team working for almost a year now behind the scenes to get this back on track. At least, that's what they claim on their Telegram channel. They are by the way very active on Telegram and constantly communicating and answering questions.
And last but not least, the "Independent eBTC community channel" on Telegram was closed down on March 31st 2019, because they do not see the need for an independent channel any longer, since they believe in the new dev team. Looks like a very good sign to me.
Do all these points give us a reason to celebrate? Of course not. We've heard a lot of these promises from a lot of projects which simply died or were scams and which abused our trust, money and hopes.
However, I see no problem in giving this dev team at least the benefit of the doubt. In the end: what have we got to lose? We are at scratch right now. Bottom has been reached anyway, and the only way out - if any - is the way up.
So to conclude: yup, we all have huge doubts about this. But to call the project "dead" would be intellectually incorrect.