ICO's are legit man, ICO's gets scam because it gets failed to collect the fund that they needed or reach the softcap of the project. But there are also scam projects, for example.. i will invest in that ICO and then after they collected a small amount of fund they will run, they will get all the money and never return it to the owner. I am so sad when it happens because many investors will not believe that ICO is legit.