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?
Highly recommended. A lot of people believe that crypto must not be regulated as its against the concept. But, I think moderate, well-thought regulations will work in its favor. A lot of investors refrain from entering the market since they are afraid of losing their money to scams. Regulations will only boost the confidence and making someone liable for fraud will be the first step to make this happen.