This is the stage that we would need to work out and embrace the reality. Many of the developers has abandoned the projects and they are now using the investors money to enjoyed life with their families. I think it is good government should regulate this in other for us to really have value for our investment.
I agree with you, there are too many scam ICO and I hope that in the near future regulators are going to do something about it. I see many ICO with lots of money and they do nothing, no development and no exchange listing