It appears the Faxion Online is pretty much dead at this point if rumors turn out to be true. Over at the Faxion Online forums, a member posted a quote stating the source was “a UTV employee (Faxion team) who just got layed off“. The UTV employee has this to say,
It(Faxion Online) is now officially dead. They laid off the rest of the Faxion team so there is no one left to do anything.
Last month is when the UTV layoffs began and if this forum post is correct, it looks like it’s the end of the line for Faxion. No official statement has been given yet.