I strongly agree with your opinions as KYC is to control money laundering and fraud and the bounty hunters only collect small amount of btc or dollars when it converts to fiat or BTC money, so it must be for big investor not for bounty hunters.
In addition, bounty hunters do not invest in ICO projects at all, and therefore they cannot also be considered clients to be tested by KYC. Checking KYC in relation to bounty hunters is generally illegal. We need government regulation of ICO activities and in connection with this urgent problem. Not only investors, bounty hunters also need to be protected from abuse by the ICO team.