It must be checked again and if the team doesn't even publish the hot wallet and such amount can't be trusted. So many scam projects have raised nothing from the investors and they are creating a buzz with spread fake amount that already raised to gain popularity. Some people may still lack knowledge about that but we can't sure if that will happen for sure.
I have experienced to identify some projects that faked its total raised amount. Just try to tell you about jinbi, parq and many more.