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?
I do not think that someone purposefully wants to give their money to fraudsters. Its just that many of us lack the knowledge and luck to avoid such deception. Therefore, I believe that the ICO market today really needs certain principles and methods of regulation in order to minimize risks for investors.