Yes, some of the old staff rebooted the site after the main admin passed away a while back. It's not quite the same as the old one (all the old accounts are gone, old torrents from the old site are gone) but otherwise it's still around. In terms of public / semi-private torrent sites it's probably one of the easier ones to join and upload at.

See the Torrentfreak articles for an overview

https://torrentfreak.com/demonoid-staffers-launch-new-site-to-keep-the-legacy-alive-190724/

https://torrentfreak.com/demonoid-founder-deimos-is-believed-to-have-passed-away-190416/