While there is still a ton of controversy and outrage surrounding certain members who participated in the BitBay ICO, the actual project and development is still going on as we speak. A demo video of smart contracts has been provided by David Zimbeck, and he also unveiled some more details about his involvement in the BAY project.
David Zimbeck feels he has been manipulated to get into the project, while the exact goal of the people trying to bring him in, was just to tarnish and potentially even destroy his reputation. After all of the information that has been unveiled as of late, you have to admit he might have a point.