Someone said its as a result of crypto founders /devs being inexperienced. Uuhm in a way, that is right, but sometimes, we the users are also making the mistakes.
There are scammers out there, a lot of them, and some of us are so careless that they cant even make a good research before investing their money in any exchange, ICO or whatever it is, they just carelessly invest their money without minding and at the end the scammers will make away with it.