It's been a worrisome development in this domain especially following the 2017 ICO booms and dumps. Many people have been ripped off their hard earned money over and over again. But that does not mean we have not seen very genuine and successful projects. There have been many of those and that's why I always advise investing public to their research very well before investing in any asset to be on the safe side.
Those that have been ripped off were the ones who just bought during the peak. They don't understand the nature volatility of crypto and they just rode the hype during that time.
This time, the institutions are making it easier for us, old holders and investors in crypto because they're the ones that shows interest and it gives idea to the people who have no idea what cryptos are.