I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??
Many scam projects happen because the ICO market is not yet properly regulated. Also the law protecting the investors are not sufficient so they are complacent.
The people behind majority of the scams are aware that this market wouldn't last long so I think they just took advantage of it before it gets unpopular. They are also aware that many people in this space (including them) just want easy money, so they took advantage of it.