Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.
We cannot really avoid it, ICOs have been here for so long and as the number of the projects being introduced increases, the higher the possibility that most of it will be scam. Some people takd advantage of the independece that was given to them in here that's why if you really want to avoid those frauds, you should be really careful and smart on picking an ICO you would join in.