🤝 Alleged exit scam moves to return investor money

Following intense media coverage and police involvement the founder of South Korean crypto project Pure Bit has announced that investors will recieve a refund of the Ethereum ($ETH) raised by the project. Pure Bit raised approximately $30 million of ETH before shutting down social media accounts and cut off communication leading to allegations that the project was an exit scam. The founder seemed to confirm this by saying overwhelming guilt was the reason for returning investor funds.