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it's not even that bad these days,i guess you must be new to the crypto world you should go and watch back the 2017 era shit was wild back then we would hear about an ICO basically everyday.(90% end up exit scamming)
A bunch of regulations were introduced thats why it has kinda cooled down since.
Perhaps many restrictions have been created to minimize the growth of these scam projects but it wasn't enough to fully stop them as these people (scammers) will find a way and really they are? In fact, some of our first impressions got wrong, some it looks promising but in the end, they'll turn scam. We honestly don't rely on these restrictions as somehow there is still a loophole on it, it is really for us to detect scam projects and never invest them especially to pump and dump projects.