But now many crypto mates lost the trust in new ICO's. As we know that there were overwhelming bounty participants but they waste time.
Now question is.. will envion refund money to investors ?
Envion is not in charge at the moment; FINMA will make the decision on that. I think the Envion founders are hoping that they could carry on the project after the guilty person is charged, But the problem is that the guilty person was the CEO, and if i am being totally honest to myself i can't see any reason why they would deny a refund from people who have invested and not sold (they could track those easily).
But i don't think that it would be full refund and it would kill the whole project.
I understand that the Envion founders would like to take the control back, but the thing is, it could be seen like their actions of choosing the CEO without a good background check would be irresponsible, and therefore Envion founders might not be responsible enough to make future decisions for Envion.
Really scary part is that i don't think that they would refund the tokens bought from the markets; Only the original investors who did a KYC and didn't sell.
If we consider about Ethereum prices, I'm not sure refund is possible. And AFAIK some of the money cashed out early, so things are really complicated.
What causes ENVION to be like this. All become neglected and there is no encouraging news for investors and bounty participants. I myself don't know about this delay, I hope that ENVION will give the best.