Hai guys now days people are really depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.
1) ICO Stopped or Paused
2) Refund - When eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .
3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .
ex:
Trecento , Humancoin ,Vanig and etc.
At list you should be happy they returned your ether as there are Scammy ICOs who don't even bother to return the funds to the investors. What if you think from project point of view if they converted their raised funds into USD the instead of Bear market Bull run started??? Investors invested Ether & ether is very volatile at list they refunded investors.