Yea, the IEO market was good for a while but it has slowed down considerably lately, you have to consider the fact that the Cryptocurrency market is very volatile and anything could happen in a red market, for example recently, one of the Binance IEOs called MATIC dipped over -60% suddenly and it had nothing to do with the scammers, infact Binance investigated it and said it had nothing to do with the team, it was just a scared big trader who dumped and it started a domino effect, scammers has done a lot of damage no doubt, but sometimes the bear market is even more dangerous to the growth of Cryptocurrencies.