First, your post is posted in the wrong section.
Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.
And IPOs are not? Its the exact same principle. Been scammed myself once on an ICO but after that, never again. It isn't hard to differentiate the scams from the legit and the winners from the losers, its really simple but people who come into this space have absolutely no clue what they are doing and buy anything with the word blockchain in it. And his post is not posted in the wrong section, it is not an accusation.