Reposting as top level comment per request from @knircky.
DeepOnion but it gives a good overview of the different ways that coins seek to achieve privacy. Taken with some of the comments regarding Verge, you may conclude that what Verge is doing is not that effective, comparatively speaking.Check out this report: https://intelligenttrading.org/guides/research-report-deeponion/. It is on
According to the report, IF DeepOnion is successful at doing what they are setting out to do, they would be one of if not the most comprehensively private coins out there. BTW the website has only produced one other coin-specific report that I have seen, and it was on Cardano.
Back to Verge, here is the second in a series of articles in response to the two 51% attacks earlier this year (link to the first one available there): https://blog.theabacus.io/lets-do-the-time-warp-again-the-verge-hack-part-deux-c6396ab36ecb.
I cannot speak to the accuracy, but what is described is certainly concerning. It seems more like incompetence than scam.
Having said all that, I have successfully speculated on Verge price and continue to do so. In fact, I just posted a Verge price analysis (short term) if anyone is interested.