Nowadays project no lomger disclose the public address of money raised during ico .. can we really trust the amount they disclose to us?? Transparency in the crypto space is starting to become a thing of the past
Before, one of the things that come to mind when we talk of cryptocurrency is transparency. Nobody can hide something from blockchain. Everything is made public. Everyone has access to it. They are always promoting transparency.
You are correct. Earlier, projects offering ICOs are posting their ICO address for investors and those who have the interest to easily check how much is raised. Everything is transparent. Right now, projects are claiming to have raised millions in USD and yet they cannot even be transparent to show the proof. And after the ICO is done, there is no single product develoment that follows. The amount raised which is posted in their website and social media accounts is fake, shown only to boost their ICO, to make a hollow hype. At the end of the day, there was very little raised, if at all. And the project dies in a short while. And then the greedy developers will once again create a new scam project. These kinds of people should be held fully accountable.