This is not surprising, the majority of ico is a fraud. I think you need to spread this information, that would be less people caught in their bait.
That's very true. I'm really in support of your view because most Ico's nowadays are just means to an end. They come up with any bogus project just to amass wealth at the detriment of investors. We need to propagate this news for people to be circumspect before investing in any Ico