I still see some ico who commit fraud and abandon investors, just look at Sprintx, get $ 15M during pre-ico, they then stop selling and shut down their sites and various social media platforms
There are so many ICO scam like that. They get a huge amount of money from the ICO, and they completely disappear in a day. No one can trace them out because all the information is fake. So the ICO is now hard to get trust from investors