After that, as the South Korean blockchain company Pure Bit left users a message, “sorry”, shut down all accounts in social networks and chats, and disappeared with scriptactive $2.7 million, and the largest news outlets in the country within a few hours it was told to a wide audience of law enforcement bodies, the project management decided to return the funds to investors – minus a fee paid to the sponsor of the ICO.

The collective message of the management of the company again apologized for the inconvenience and inexcusable errors due to blinding gold.

“This Is Pure Bit. First, I would like to apologize to every aggrieved party ICO. November 5, I got 16 thousand ETH and not open a crypto currency exchange, as promised. I removed all of the chat groups on social media and disappeared without explanation. My actions had a negative impact on investors of the project psychologically and financially.

Blinded by money, I made an unforgivable mistake that I cannot change. It took less than a day and I already suffer from guilt. Although it is impossible to compare with the trials that befell investors, I also feel a strong guilt. I sincerely apologize to all ICO investors affected by these events,” – said in published on the resource BlockchainROK apology on behalf of the company.

🇰🇷 – PureBit a scammer apologizes and says he/she will return 50% of stolen funds to victims if they prove their addresses on EtherScan.
Oddly enough, the perpetrator has already partially refunded several victims.
This is the address: 0x7DF1BD58e8Fd49803E43987787adFecb4a0a086c pic.twitter.com/btAP8ubcJw

— Korean Cryptocurrency & Blockchain News (@BlockchainROK) November 13, 2018

We will remind that in October, one of the developers of the standard tokens, Ethereum ERC-20 Vogelstein Fabian (Fabian Vogelsteller) provided he created the model of “reversible ICO” (RICO): it allows investors to return their funds in exchange for their acquired tokens at any moment of the project.

Also a month ago the head of the office for the coordination of public policies in South Korea Us Hong Ki (Hong Nam-ki) told lawmakers of the country that in November the regulators will decide on the legalization of ICO, which was banned in September last year after a similar ban in China. In may of this year, a group of Korean parliamentarians have taken the first step in the legalization of ICO in the country, by submitting a bill. Later to allow the ICO, the government urged the Special Committee on the fourth industrial revolution and the Committee on national policy of the National Assembly.