I understand that now it is just such a time when many deceivers appeared and people are still a bit gullible, it's not difficult to deceive. I think that in time many will get brains in place!
I think that as this industry will develops, new trustful investors will appear, who will also lose their money. We need regulation of this sphere.
If the ICO is will be regulated, then the whole point of this industry will disappear, because a lot of money will be spent on permits and bureaucracy.
Well, for example, Pavel Durov conducted ICO for the Telegram, and in my opinion everything went perfectly and quickly, both with papers and with the collection of funds for development.