Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.
Is not KYC only to verify client or customer?
Do they also provide KYC data to you? I mean personal data from the ICO team. I think it's not fair they asked for KYC, but we did not get KYC from the team.
Everyone can not guarantee whether by applying KYC on some ICOs is really legit or just make the scene more dramatic as if their ICO were honestly a real scam.