As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
They invsst in the scam ICOs because they do not know how to look for a good ICOs they just invest and invest just to have money they do not think what will happen if they just invest and invest without looking and checking out the ICOs carefully.
Basically, I would say most people actually lack the knowledge and the enthusiasm to learn their environment before even getting into anything and that is what has affected a whole lot of people when it comes to making ICO investment decisions.
This is an unregulated space and the issue at hand is that a lot of people want to get rich fast and they are so gullible that the scammers are using that as an opportunity to get them since they really do not know how to play their card when it comes to due diligence before investing in any project.