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.
As far as i am concern i don't see that as a scam if they refund with crypto value you contributed if otherwise then it is a scam of they use USD value of what you sent at the time they got your payment then it is an high class scam.
That need to be stated in white paper. In case of refund people will receive same amount of investment back.
There are many types of scam, and ICO scams are probably the most interesting now. We need to pay attention
where we invest and in which bounty we participate. It`s on us to spot scammers and to report about it here and
other places. I carefully choose where I invest, I always read what ever is available about certain project.