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?
Investors do not normally know that the ICO they are investing are scams. If they do they would not have invested in those ICOs. In fairness, scam ICOs are getting sophisticated in presenting their project so people will believe in them. I think it is important that investors will become wiser this year so that people will go back in believing in cryptos.