Despite the risk of ICO, many crypto entrepreneurs blinded to continue in acquiring the advantages of this trend. Thats why it attracts many scammers, financier joined to invest a huge amount of money toward an approximate altcoin and realizing it in the end that they invest in a deceptive and fraudulent token. Sad to say, day by day it increases the number of victims of dishonest schemes. Even the well-experience investors fall into this some mistakes.
I will not blame the platform because the platform has been built in such a way, but I will blame the developer,
SEC is now moving for some legal actions for the developers and the endorsers of ICO.