Initial Coin Offering is useless now a day. They meant to dump after it was release. Very useless buying at ICO stage.
The fault here will be from the Investors that are not checking the ICO if it will be feasible and has a future. Some ICOs are now meant to pump and dump which is correct, but there are lot of ICOs that are there with good usage, it's for you an investor to atleast research and discern what is the difference of Shitcoins from the real and genuine one.