Blockchain media startup Civil is issuing full refunds to all buyers of its cryptocurrency
"Complicated Space":
Civil Media will "provide refunds to all CVL token buyers by October 29" after its initial coin offering "failed to attract sufficient interest." Although "1,012 buyers purchased $1,435,491 worth of CVL tokens," the total fell short of the company's goal of $8 to $24 million in sales. A spokesperson also announced that "a new, much simpler token sale is in the works."