the lack of rules in establishing an ico makes it easy for criminals to make it and deceive investors, I think the rules of the forum or the support of various important parties must be done when running an ico is good enough to eliminate ico fraud
i agree with you.
if at that time ico had regulations, the project scam would not exist and it is likely that ico will remain alive until now.
but we all know how crypto, all have risks and do not have rules that govern.
we must make our own rules so as not to experience a lot of losses when investing.