is that true? Why are there so many IEO projects now SCAM ?,
it's terrible to see that altcoin prices are now sinking

Buddy, IEO Projects are not scam.
Exchanges are SCAM!
Do you have any evidence about that whether are IEO project is not a scam, If you are blaming about the exchange then you shouldn't on those exchanges? We have seen many IEO's who have lost their value in the market after the conclusion of their crowd sales. I am one of them who faced losing situation when I participated in IEO.
Talking about the problem I personally can not give any answers because I do not have any evidence,
certainly this is a pretty complicated thing whether the IEO project is a scam or a scam exchange
read all details here -
https://medium.com/@wantmarketplaces/scam-zbtc-exchange-zbtcex-com-and-abex-abexb-com-fcfd4f512775Life is simple. If they sold 500M Tokens, where is the money. Any Wallet where you can see $3.2 Million USDT?
If you still do not believe it, go ahead and make a account with them and deposit your hard earned crypto.
I am very unsure of all of this.
Since mid-2017, they stopped conducting IKO through a smart contract. And require the passage of "know your customer".
There is nothing here and to be honest it is scary.
What are you talking about? How else do you think you get tokens in your wallet. And KYC is upto the project, not some requirement from anyone.
I am not sure what your comment is in regard to. The Fake IEO that fraud exchange scammed us on or the fact that we have opened our own sale contract. If you have questions, please read the white paper and pitch deck first and watch the Youtube explainer videos.
WHITE PAPER
https://benipal.com/assets/files/WANT_Marketplaces_STO_White_Paper_V1.pdfPITCH DECK
https://benipal.com/assets/files/WANT_Marketplaces_STO_Pitch_Deck.pdfYoutube:
https://www.youtube.com/c/WantMarketplaces