Only the affiliate part is closed.
The sites are still working, for example, click here:
http://www.josiejunior.com
My guess is it was just not profitable enough to continue to pay affiliates. Boats, Hummers, Corvettes are expensive --even if you are still living in Mom's basement!
However, SatanCash appears to be happy to cut out affiliates and continue take money from surfers and keep re-billing. That business model might be profitable.