Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
That's a good idea but it's really hard to control. If the headquarters of the surveillance were in the United States, founders in other countries could scam they would be able to hide in their own country. It is a difficult math problem and we have not been able to solve it yet.