Preventing bitcoin fraud requires vigilance and caution when investing in cryptocurrency. Before investing in any ICO, conducting thorough research on the company and its management team is crucial. Additionally, using two-factor authentication and never sharing login information or private keys can help prevent phishing scams.
When was the last time you saw an ICO that collects bitcoins? It's already a relic of the past. This is the era of lunchpads and they all collect tokens, not bitcoins, so you can participate in various private and public sales. Collecting bitcoins for the sake of participating in ICOs died back in 2018, in 2019 this format was already completely redone and to get new project tokens you had to contribute other tokens or altcoins. Bitcoin has long played a near-zero role in ICOs.