Quote from: CoinMLS on November 05, 2019, 05:12:21 PM

It's really hard to determine the real impact of this. It sounds like Reggie will either have to raise investor cash traditionally or pay out of pocket. Unclear if that will happen.

Here's the actual judgment.
It appears to gut Veritaseum, taking 'Frozen Bank Assets' and 'Frozen Metals' to the value of the judgment. This would presumably lead to Veri defaulting on existing contracts.
IANAL but it's difficult to see how there's any future for Reggie in the digital asset world, given his permanent disbarment from "engaging in any offering of digital securities."

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I'm not sure if, how, or why funds would be returned to ICO participants, as at current prices the token can be sold for far more than ICO price, so who would ever want a refund?

The Fair Fund is for reimbursement of losses suffered by "harmed investors" due to Reggie's admitted fraudulent behavior, not just for a blanket refund. Maybe someone who FOMO'd @ $90 will qualify, seeing as it's been agreed in the settlement that he manipulated the price.
As for "current prices", I don't see too many buy walls on Mercatox.

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Perhaps if Reggie sold a lot of ETH at its highs, he has money banked to continue operations anyway. A lot of unknowns.

Perhaps, but Occam's Razor says he's f*cked.