IEO isn't a threat to bounty hunters but a blessing in disguise, with IEOs the fake projects are being weeded out systematically because the good exchanges do every necessary research with due diligence before cooperating with IEO to run on their platform in order not to ruin their reputation and why do I say its a blessing in disguise is because we will start having few good projects that make work done by bounty hunters pays off other than icos known for exit scam and different fake projects rather IEOs are threat to fake projects
If IEO will also use the services of Bounty Hunters companies, then I really see nothing wrong with that. I have repeatedly spoken on the bitcointalk forum that the main thing and the problem today is fraud on the ico market of the company, when fraudsters steal investors' funds and thus withdraw funds from the cryptocurrency market. This is the first threat for the whole cryptocurrency and it must be fought at all costs.