Really if there is anyway to erase scammers off crypto space it would have been better, 2019 would have bring better results for altcoins if not for scam projects everywhere scamming new investors, now scammers are scaring off new crypto investors wannabe since there is no trust or whatsoever and investors don't want to lose money either, whatever the next altcoin results is going to be will not be huge as many expected due to investors not trusting new altcoins anymore, no wonder why binance launchpads are selling out in seconds.
If crypto space is just like how binance managed IEO project in return for their own reputation altcoins will be skyrocketing right now because much more money will flow in, exchanges like binance is giving out trust investment that i really hope the entire altcoin space can do the same but its a shame scammers are robbing off the trust
You are correct but this scenario was to be expected, the market of cryptocurrencies is unregulated and it is designed to resist any attempt that governments could made to regulate this market, and somehow we expect that scammers are going to stay away from it when they can easily obtain millions of dollars without doing anything? It was simply not going to happen, besides even if you could eradicate the scammers somehow you will still have many newbie developers releasing their useless projects and creating a bad reputation for altcoins anyway.