That's why good projects now can not collect the necessary amounts. Because of the large amount of fraud, everyone is afraid to invest. I hope that regulation will reduce this figure and minimize the number of scam.
This is the situation we have found ourselves and it is really sad. I have been following some good ICO but only a few have been able to reach their hardcap, many are now finding it hard to reach their soft cap because many investors have been affected by the numerous scam ICOs going on.