Well, NEO touted itself as being the "ethereum of China", and got exactly that. I can't believe they had no idea this was coming. You try to be the best platform for building ICOs in a country where they are then promptly banned only a couple of months later? Ouch... I mean, I know that wasn't its only use case, but it is effectively its only real use case at this point.

I wonder what will happen with the refunds for ICOs in China where tokens had to be used from another ICO (like how EOS was used, for example)?

What a mess!