Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/research and analysis of the project is indeed needed before investing in a project, the number of scam projects makes us have to be careful and more selective in choosing projects that will be used as investments, indeed there are concerns because of the many ICO scams that exist today so we must be more vigilant