unfortunately i will have to agree on this with you . but not the crypto , it is some people and groups who are now more greedy than ever . many projects are shit and it will be proved once btc will see crash like 2011 , at that time reality will be out of those projects .
some of them even after raising full fund don't want to do anything for investors , like envion and Titanium bar . Even people with real face and good history do scams . Sec arrested such people but in entire world sec cant control such scams . raising millions of funds in name of blockchain and then ran away , it is now habit of them . some so called experts also now part of this dirty game and they shill such projects .