There is no difference between scam ICO and scam DeFi projects, probably still the same old scammers at work here, very possible, the work of scammers is to find something new that has enough FOMO and hype and use that to their own advantages, I knew that DeFi will see lots of scam once it started becoming successful few months ago, if another new hype begins tomorrow expect scammers to invade it
Totally agree, ICO scams and DeFi scams are almost the same, they are just take advantages of the greed of human nature, besides, i think IEOs are not less scammer, maybe it is still these people, but IEO was started by the exchange, when we invest in we just need to buy big exchanges' IEO, it is easy to distinguish.