IEO can also be scammers. But this is only if they were conducted on small exchanges. Of those IEO that I saw on large and well-known exchanges, all projects turned out to be normal and working.
Phishing projects only have the opportunity to be listed on bad exchange because those projects will not help us earn good profits. I only believe in the top 10 best exchanges appearing at CMC to consider investing in the IEO because most of these exchanges have very strict policies in listing a new IEO project and always protecting the invester if the project has a scam sign. Until now, Binance has been very successful in calling IEO capital and has not disappointed me when investing in these projects.