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.
I think this is the correct refund method. When ETH price 300$ and you invested money in ETH pair not USD, So that project development refund your money following their rules and regulation. Why only 40% money back i don't know and i think it's happened in the few project.