I really like your point of view and strongly support it. IMO project from the beginning looked messy to me, users didn't have full control of their wallet to begin with, no private keys or mnemonic phrase or keystore. Also, the percentage locked after participating in the initial exchange model was way huge compared to the percentage released, doesn't really  make sense. Many Bounty hunters fall prey especially when a coin is trading (with low allocation as usual) or when the project has high allocation and hype even without being listed. The manager in charge also matters, that's one of the things to check before doing any bounty. Most importantly, do your best to ensure the project is genuine, if at the end things  go south, atleast you've done your part, there mustn't be a perfect end all the time.