Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/I agree to you. Not all ICO that we see are. Some are made only to scam people and collect funds to those who believe in them.
Itse very risky to invest in ICO because you don't know exactly who is your transacting with. And the sad thing about it is you can't report them to the government because they don't hold ICO.
That's why we investors must be very careful .
Yes before investing a lot of confusion will be happening so be clear before investing in a currency it will be very important because after investing nothing will be changed so make better investment.