This is a sad truth, majority of the ICOs are made to steal money from people. Just have a creative idea and make it look like a.promising project and you'll find them having investors. Even without releasing money, they can make through manupulating.

On the other hand, there are still ICO that really are true and acceptable. They really make good project and offers promising future. The sad truth is that its likely 10% only is legit from all ICO offered. So be wise and learn more about the project before releasing money.