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There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

Be careful with ICOs, we were all warned about many of their shady projects.

And as long as there are investors that are too gullible with such projects, they will continue to reproduce. It's hard to accept for them that the best days of ICOs are now gone.

thats right, we must do a deep research first before investing in any ICO project
research in all things about the project is needed, especially with the team member mate
because a good project will have a trusted team member ;)

Exit scam ico project are very popular in the year 2018 and i hope it shall be reduced or totally eradicated by the introduction of the IEO.
I will disappoint you by saying that there is no amount of information or research we can carry out about some scam project without becoming a victim.
The ico scammers are highly intelligent people and they understand all the rules and bends of the game.

There were lots of many projects in the market that has been successful in terms of their sales but they are want to run away after the investors and the participants, they are all creating a good reasons for the people for not paying them and they are saying that they need some time for their coin to recover or to established their coin first.

Investing in ICO is always something very risky. so we have to study carefully before investing in any project. For ICO market, almost 80% is fraud, so it is best to stay away from it if you do not have knowledge. Investing in top 10 CMC projects seems safer.

Such type of many ICOs are now exit scamming day by day despite raising million million dollars for this reason I am not like investing in any ICOs. People should aware  before investing in any ICOs not after making any investment.

P.S: Little bit of confusion about this topic  that is not related for this (speculation) section.

It's easy if most people stopped buying into icos and wait to put their money into something which has a track record, than launching icos will be less appealing for scammers.

They both handled by amazix. After this, we can easily say, amazix can't be trusted and overrated a lot.

They just care themselves.

Look at their response:



No sorry, no anything. Also, they managed the bounty so i am not sure what they are talking about promotion and content production wasn't handled by them.

Whether it is run by big company or small company, scam is inevitable because greediness is somehow part of the nature of a human being, this has said many times over that always be careful investing in ICO's or any investment there is always the risk but atleast minimize it by doing some research prior to investment

Whether research or no research, we have known many icos to be shitcoins, it is unfortunate that this is the situation and no wonder that people are not too zealed to invest in it. They rather buy known coins and wait for bull.

It's a high risk investing ICO now maybe even the newest one the IEO maybe they are the same pattern. The most likely projects now are the same as what happened to OP, an exit scam project. Maybe from the start they had a two option whether you've success then we continue the project but if not hit the raised fund they will exit scammed and abandoned the project.

I supported RepuX in its ICO run but after the crowdsale they even fooled the bounty hunters by distributing less than what they published here in this forum. At that time, I know this project will not be successful even if they got some millions into their bank account. Sad to see so many project (which got some good potential at the time they were doing crowdfunding) doing the exit scam as if they never have the responsibility to people who trusted and supported them with the money (which am sure are hard-earned). Unfortunately, it is so hard to run after these scammers and put them on justice.

Ico's nowadays are not safe actually that's why making research is the most important before putting money ,wherein just to avoid such issues and to assure everything will be fine , because mostly had fake team behind nowadays and very difficult to determine so we must be careful before investing and don't ever jump quickly on it.

Don't jumped without investigating the project and the team, the development can be fake and the whole set up as well, but if you are really care with your money never ever to invest without doing proper investigations, select then pick the best one that you think that will bring something in returned.

So many exit scams are the reason I wait for a project to be around for 90-120 days before I even think about touching it. Probably saves me more money that it looses me by doing it this way.

there are so many scam projects/ICO's last 2018... if you manage to research deeply you can tell if they are scam or no,.it's better to invest in existing coins in cmc rather than spending your money on ICO's

I also witnessed these scenarios last year, there's a lot of projects that exit scams and usually those are exchange sites. They can't blame us if we don't trust them anymore because of their outcome project that majority is a scam or not yet listed on an exchange. So, even how many research you have done but if the project will run away after they got they want.

Sad they ended being a scammer. It's not the first time some ICO performed an exit scam. Sadly, people still fall for those scams even after reading about those fraudulent ICOs online. They are the one who encourage those ICO scammers to scam more people.
Hope at least for this time people actually realize that most ICOs are just scam and do their research before investing on these ICOs.

Actually, it hurts! Because when you believe in someone and then they betray you! Repux and Joytoken both looked very promising! One of the leading ICO management team amazix did promote for them! Joytoken and Repux both were from the same CEO! After finishing the ICO, these both projects cheated with the bounty hunters, then I did not see their any good progress and now they are a scam! How can you believe in an ICO after this? When everyone has no intention to think about the scam because of their team members, the working system, activity everything was such good and now they are a scammer! Sadly true!

I know both of that platforms and they were creating non sense idea but what makes people already invested on such scam icos like them. They don't have any strong background and the team was amateur.
Some people have created about awareness of those platforms are scam but not so many people care about that.

I was seen this here https://bitcointalk.org/index.php?topic=3735010.0 they kicked team and dumping price for bounty hunter.
let's we have to carefull to following any project and don't washing time.

For more than a thousand times this scamming from ICO has been tackled here ,with warnings and advices from the experts,the members and from the victims itself so it only means that the prospective victims of these scammers are those newbies here,greeds and noobs but aside from them I believe that they cannot victimized others
But sharing this can also refreshes memories and add awareness to others so they can prevent from becoming a victims

Not surprised :). The name of the token looks familiar but I can't remember the project itself.

This is a warning that we must do an in depth research before investing in ICO. Nowadays, ICO scams are everywhere so before you throw your money you must make a basis because that will help you which ICO should you invest your money.

But wait, am I the only one that has this mentality that mere looking at some project name, you would guess its scam because the name doesn’t even sound like it’s representing something professional.

Anyway, people just need to still be more careful, and the way they are grind about this scam, ICO might go aground completely, which will really be bad for the market because ICO was among the factors that made bitcoin witness its high rise in value 2017, which was kind of the peak period of ICOS.

IEO that would have done a great work in the market is being to selective, we just need regulation as fast as possible so that ICO would not die off the market entirely.

Inside jobs, exit scams and manipulation is something you always have to fear for and take into account it could happen. Morals changes fast for some when they see dollar signs.

do research and we should invest if we see fancy stuff and words and invest we will lose for sure , if we want to get profits for our invest we should research properly and invest stay away if there is manipulation

We have a lot of scam in the crypto market and a lot of investors are realizing this already this is why the ICO market is already going down and will still continue to go down until every one move to a better method of crowdfunding which includes IEO or STOs which are regulated by trusted body, though it is possible for scam to come to the IEO market but it would be so easy to detect because this scams can only be carried out by new exchanges.

I don't know why some people are feeling surprise about these frequent exit scam we are seen in the space, for me this is just getting started because most of these projects are reaching a very crucial stage in their life cycle and it is a make or break for them, this year and next year we are going to see huge number of exit scams in the space.

If they have bounties better to report it now, but i think its too late now since they will exit in the market now. Anyway, this is the reason why ICO is on the bad position its normal and many more project will be just like this so always be careful and don’t invest huge money on any ICO.

at least we also need to be careful to invest in an ICO where the project is very promising but scam, many things happen in the cryptocurency project that doesn't reach hardcap, we just take the pledge for one day we must be careful and vigilant investing in the ICO

I suggest people to not invest on ICOs, is not good at all, better to buy some good coins and hold for longer for a profit, because if buy on ICOs no one can also guarantee you will get back even half of money invested.

Not all the icos are bad. Some ICO have made people who follow them richer. I think the issue is about knowing a sincere and good project but how to identify them is the problem. Now we are seeing more of IEO, so maybe they can also be tried.

The problem here is they appear to be too realistic and sincere by giving realistic updates all the time about the developments of their projects, posting well-known personalities to be part of them or the team, giving updates of what they are doing every time for the development of the project, partnering with known companies and so on and so forth. Seemed legit with all the efforts they show in promotions and the active participations of the team of developers themselves which investors believed to be genuine.  It is very confusing, sometimes we don’t already know which one is real and sincere and which one is just making good notions. Though there are projects that do not make big boasts but are real and successful.

I am no more believing in ico even we’ll known exchanges are making scam in the form of hack how can I believe this kind of shitty ico’s . I already experienced with some ico’d Like Centra tought me life time lesson . Please stay away from Ico’s we are having enough projects in crypto space for next 100 years.

Even bad ICOs made people rich which all depends on when they launch their project,but on long term this strategy will not work so its something like exit scam make money for yourself and let the others in losses.

At this time, now that ICO not getting any better due to news and numerous accusations, and we don't trust our research too much regarding our research in legibility, better wait till the project succeed and if it already made a name in the market.

of course to know a project that is scam or not is not easy. people can only research and analyze it so that what they consider good will follow. I think scam or not a project depends on the luck of each person.

I agree with you that avoiding scam projects depends on luck too. No one can ensure a scam project! Recently Repux and Joytoken projects are scammed but one year ago people wished them a very successful future! And, The hashcard ICO or bit connect or Centra coin, who thought these projects can be scam one day?

but what is really not good looking for the whole cryptocurrency scene is that these project has exit scammed with a big portion of money - any project could do well for let's say 3y, maybe 4y of development.

Not a new thing, many scam projects have done the same thing in the past. Investing in ICOs involves high risk and that's why it's not recommended unless or until the project is verified from multiple platforms and is backed by trusted (or experienced) people or organization.
If you are investing in ICOs then do proper research and don't put your money in any project which is doubtful.

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

This is the reason why people are investing in IEOs rather than ICOs because there is more safety when an exchange has fully vetted the team and the coin. right now people are just giving their coins away to unknown people they have never met and expect strangers to give back high return

There were exit scams in 2015 and there are similar ones in 2019. It's always the same pattern. They make a lot of promises and flee with your money.
People should learn not to trust people they don't know and when it's happening in the internet the probability of being scammed is multiplied. Always check if the team is real if they had prior projects and don't believe in fairytales.

The thing is, you need to have solid proof of their connections. I don't know if there is an existing contract between them. This is the problem with online business, you don't know if they are possessing legal documents or not. But I believe, a lot of users already learned their lesson from those ICO scams and crap projects. By now, they should know how to assess if the project is a potential scam or not.

We dont expect on what happen to those bounty we pariticipate and the end was a scam. In this year iv'e participate some different bounties but not all them are totally paid us. So must better to prepare if we encounter on like this kind of bounties so that we can aware of them.

Scam exit isn't new for us, we have this scenario last year dragging the entire market and ruining the image badly.
We don't have such control, only we need to find out if this project will have something to contribute or nothing. This instance will help to define any possible for an exit scam of a certain project.

Always be careful on where you would invest your money and before you invest it make sure you made enough research,
If you are going to invest your money make sure to invest time too it wouldn't hurt to make sure that you are putting your money in the right team and right project .
As you can see there are so many scam project so choose wisely on who you would trust your money.

For amazix i think police can't arrest them, as they are only in charge in bounty campaign.. those dev team should be punished for this scam..

If only ICO were accepted and they do their legal papers then we can report them. This 2 project seems to legit before, now theat the market recoveing they run from their investors.

That's it, investing blindly without any assurance that they will get something in returned, IEO's get the attentions of investors since they can sell after the period of sales has been done, the exchange who acts as middle escrow can easily  facilitate the trade.

ico campaign is not irrelevan again, now IEO are hype and safer than ico, because exchanger are escrow for investor and developer.
and as we can see few project are succesfully run their project with IEO.

some IEO cases have started to show symptoms that are not good, such as some cases that occurred at Bitrex which held an IEO but after that there was no good news about coins being bought when the IEO could not provide benefits because the price fell, I only participated IEO which is in the binary exchange place.

https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/


So If they really did what they are accused of and had a known office, why not just track them down from there? I believe their homes can be traced from some evidences they left in the office or from record of those who rented the office.

This could  probably be a bunch of people that were unable to raise funds due to the recent bear market. I could be wrong.

Nothing awesome. There are too many such examples. And how they do not cover it does not help the case. If you find out that they are fraudsters, it's too late.

yes it really helpful whenever you got understand we have started in the scam then we cannot move anywhere at the time accepting it very quickly and make your decision to be the right way will be important otherwise you got the problem with that.

It's already 2019 and yet, investors are still fall for this scam ICOs. We can't blame them actually, if the team has a flowery promises, it is easy for them to believe it. ICO's reputation is already ruined, investors should really be careful selecting which ICOs should or shouldn't they invest.

In the news they put the link of a topic here of BitcoinTalk. This is very important for the forum, to demonstrate that it is still used for serious discussions and investigations on these scams.

https://bitcointalk.org/index.php?topic=3735010.0

Funny that the person who  (https://bitcointalk.org/index.php?topic=3735010.0)start the topic have a negative reputation because it could be a sold account.

actually for now I'm still confused and can't see which ico is good and which one will be a scam, maybe because there are too many ICOs, but investing in the IEO period at least slightly reduces us and keeps us from scam

I think the news about the project has been very long, I have participated in the RepuX campaign last year, they cut their allocations by more than 90% because the ICO results they got were not what they expected.

will never work with them again after last ICO zero carbon. Hope sec will find them too) There was information that ICO raised already soft cap and wait a little bit, and we waited almost a year without any result.

I've been a victim scam ICOs before and they are three of them last year. Since then, I'm very selective in choosing any new bounty and I'm always make my own research before joining again. I believe that scam bounties are still around in our forum so we need to be alwaysaware and suspicious of any ico that offers a high reward.

With Repux, everything is clear.
But Zero Carbon does not refuse to pay a reward. They may be scammers, but they are still active. Although it does not make sense in case of fraud.

Unfortunately, both projects look good and have achieved very good sales and have received management support from high-class Bounty Managers like AmaziX committing fraud.
Here are some projects that make AmaziX big names destroyed and many investors decide to get out of the crypto currency world.

It has been 2 years since I found out about ICO's  and it was very great back then most of the crypto was being pump when it hits the market.
But now almost all of the new crypto from ICO/IEO has been dropping low whenever they hit the market.
I thinl it should be enough I haven't seen any good project for one whole year now.
I already had enough I think I would stop supporting it now.

This is actually a proof that both of their team have a shady activity. They'll used bounty hunters to promote their project but once they got a lot of money from investors, they'll just gone forever.

This is why investors never easily give trust to ICO cause of their scam performance, ain't no problem it before but it somehow scammers used this site to continue their wrong deeds.

Previously, I also pinned great hopes on this group of managers, amazix, but recently the results have decreased and there is practically no connection with these people.

the whole icos pushed the crypto market quite well. many new people started with crypto, but surely half or more of them were expelled by the whole scams.
almost every week you can read, there is another exit scam. this is bad for crypto and should be stopped.

Conducting research before investing is a mandatory procedure for every investor. You need to understand to whom and on development of what product you give the money.

I think that now there are almost no investors who invest in ICO. It has so damaged its reputation that it is not profitable now. It is possible to invest in the project with rare exceptions, after examining it very carefully.

That is my reason to leave the ICO and don't want to join in any ICO as the investor because the last time I join with one of the ICO makes me confuse about the distributing the token.
Maybe right now, the ICO is only for an exit scam for the owner of the project after they collect huge money from the investor.
And if we want to join with them, then there is no other way we can do besides of research about them, find as much information about them, and never join because of someone asking us to join.
We need to find what is their benefits than the other projects, so we don't get scam by them.

Hmm...this issue with ICOs was once a huge canker during somewhere late 2017 and I'm not surprised some are still around the space. market ia gradually rising and we're gonna see such everyday. We all need to stay woke!!

It is certain by conducting very intensive research into the ICO project. It helps us to prevent getting fraudulent projects. A lot of outstanding fake projects and this fake project has been detrimental to many investors. Before you decide to take in a part of the ICO project it is better to check and more closely.

That's true it's really important the deeply research it comes to investing or else we regret after. Because as of now many projects turns to scam so we need to be vigilant and observer. In crypto you can't analyze if the project is real or not because some projects looks legit but in the end it will end to scam.

There is no system that can ever be free of scam, sooner than later, these crowd funding means will still count their own scam too, they must surely be dared by these scammers. The only thing that will make STO own different is that they can easily be caught which still guarantee smart scammers wont doesn’t get away even though their identity is known.

We still need ICO and what we need to do for ICO is to be its security, starting from bounty hunters, most especially, bounty managers, we should only promote trusted and verified projects, there is no method Binance is using for their IEO that project managers too cannot use before engaging bounty hunters, all it requires is a very thorough research to be done.

It was originally conceived. But few follow this. Many are interested in quick easy money.

As long as this industry stabilizes, scammers will rule in crowdfunding. How to get ICO and bounty managers to do honest, thorough research and leave scam projects?

We cannot blame them all because there are also a lot of ICO scams which is too good to be legit. They are also evolving and knows what people knows about a legit ICO project. As long as there are opportunities, scam will exist. Just be too extra careful with unknown things.

Bounty manager should be required to be trusted because there are newbie campaign managers which we think all newbie manager are scammer and owns ICO project.

And let's hope that other bounty hunters should realize that bounty campaign which promotes ICO is almost scam they shouldn't support those ICO that has newbie account as campaign manager because they are always scamming many members here on the forum.

Nowadays many scam ICO's like this, investors should careful what they invest, it is really difficult to determine which ICO are legit because some of them looks like legit and convincing, but a scam.

We are losing a lot of investors because of this kind of scams.
8m? Damn that was really high. They both hit their soft cap and yet why they did not just continue the project.
That is, if there is really a real project behind it.

Scammers now are full of efforts creating websites and roadmap and a fake team. Just like you said, a deep research is needed.
The suspicion was seen here, that was already a go signal to stop investing with them. Just one suspicion and be doubtful, dig deeper.

I think that today there are many opportunities to create fake information, websites and other resources to be able to deceive the investor.  In order to survive in the cryptocurrency market, you need to see some real regulatory rules in order to reduce risks and calculate, as well as punish fraudsters.

It is sad because they could have made a lot more money if they actually went through ad developed a useful product.  I guess they just got lazy and saw the easy money up for grabs.  No doubt they will rinse and repeat and continue to make more new projects like this.

I think they will decrease. because the ICO no longer has many interested ones. whereas to be able to enter the IEO I think there are additional requirements that they must do. maybe they can enter an exchange that doesn't have a good name, but that won't attract investors.

There are still more shady projects coming up so we all need to be careful. Do research before you invest so its worth to risk. Have more knowledge about the crypto and how it works and if the team is capable of handling it.

I really agree with your words before investing do research in detail so we are likely to avoid losses, moreover investing in ico must evaluate all aspects, teams, roadmap, whitepaper and devloper activities in promotion

I don't know why people are surprise by this, this was what I suggested would happen this year and many more to follow. The rate of scam is the space is very alarming and the lost surprising thing is that some of the so called Crypto influential knew that some of these projects are scams and they continue to shill it to investors, take their cut and dump on the market because it is not their money and have nothing to loss

This is bad, wonder how this scammers sleep at night. Just see how we as bounty hunters hurt when a project exit scam, then imagine how the investors that lost money must have felt. Sometimes, research doesn't even help in identifying this scam projects but we hope this 2019 will be way better.

i can feel it, most of scammers utilizing ICO for their scam action to take huge benefit from cryptocurrency new comer, we live at anonymous world where we cant find identified users among us. so doing very proper research are highly recommended before doing anything here. trusting somebody without proper research will leads us into bankcruptcy or fraudulent. And again, dont trust anybody who offer some specified benefit to join their investment without any research, the forum provides us everything, so learn about it.

it has become our risk as a bounty hunter or investor in a cryptocurrency project, so we must always do research to be able to avoid the scam project, by doing research we can still get a scam especially if we don't do it at all, then what do you do besides hoping for the best for the current project conditions besides doing research? because I think it is very helpful if you are really careful about doing research.

But sometimes, even we can get details of the project, it doesn't guarantee for us always to get profit after we follow them for a long time because they can give their promises to make the project become popular.
That will be sad for us because they can easily disappear without we know where they are, and we cannot get our money's back.
The program will be an exit way to scam many people, and meanwhile, we cannot do anything to prevent them and only be careful that we can do to stay away from a similar project.

Maybe ICO for now (but this is only my opinion) like a gambling. Because we can lose a lot of money in there, i talk about risk. And it is not predicted which project is good or not to invest for now.  ;D

Intensive research such as reading articles is something that is necessary. the more we know, the better, because ICO Scamer is smart, creative, innovative people in doing their actions

Repux and Joytoken are able to cheat up to $ 5 million, this raises a big question, are investors that much, as long as they haven't learned from people's experiences, or scammers are getting smarter to be very convincing

ICOs are mostly scam, STO and IEO are much safer to invest. A group of individuals with no real history and apparent experiences in developing technology involving blockchain can join together and pull off ICO as long as they can write a very decent whitepaper.

Doing research can prevent us from getting fake projects. Fake projects make a lot of people uncomfortable in investing. The decline in confidence in the ICO project causes the ICO project to fail. So we need to do research and checking.

Read most of the article. It seems that they put a very legit looking face, with partners and all. How can one avoid such things?

For years now we had been warned to prevent our self to engaged or enter ICO investing because more than 90% of them are just scam and only waiting for a victim like us,since 2017(last quarter)almost all of the thread I read about ICO is in reputation or scam accusations.

For me to have better crypto income hunting?go away to ICO and invest in existing cryptocurrency with good reputation and best future.since you will be needing a massive research then spend the time searching for valuable profiteering

We really should not invest or support ICO projects anymore. because all the information on the Whitepaper or Roadmap or team can be faked and no one can attest to it. IEO projects will now be safer and better when it is being trending. Don't try to play with fire anymore, buddy. ;)

Currently such ICO projects are often headed by smart scammers. They drew a pink road for their project and promised to cooperate with big partners and will make the price of token stable at a high level, etc. but in the end they only collected money to buy houses and cars and then left the managers and bounty hunters indignant. that's why we should FUD ICOs and should not invest in it.

Before making a decision to invest or join the ICO project. Better consider it with maturity. Do not be easily tempted because of the very promising results. However, you will have to check the team behind the project. I always do check through the site and check the wallet for investors. Don't let you get a scam project.

I have joined the bounty campaign of RepuX and was very disappointed after finding their exit scam strategy after the ICO sale. Although I didn't spend any cents I still invested my time sharing their project on social media without knowing this would happen. Hoping the team will be bought to justice!

right, we really have to research a number of projects because there are many who make scam projects so we can get stuck in projects by spending money when buying ICO, but now there is an IEO so that it can give us a choice of new investment tokens.

Even projects already trading do exit scam, talk more of one's with not working product and verifiable team. The best investment advice can only be giving by the investor after extensive research. Do not let anyone tell you otherwise. DYOR can never be underestimated

Because they are pretending that they can survive with the competition but they don't. That brings them to decide an exit scam but they are not truly their intention to their investors and traders. But somehow, we think also that there is a manipulation happen with their team and they just saying that one of their team members resign in his position or any alibi's. They just want to divert the minds of the people as their intention is to have an exit scam after collecting funds from investors.

right, and at least we have tried to do our best, because there is no way for people to want to get loss, investors, bounty hunters, even scammers also want to make a profit, therefore we all try as much as possible even though the luck is the decisive one.

Now a days many investors lost their trust investing in a ICO's that's why scammers making another plans to collect investors funds,they are pretending that they list it in the exchange because many investors think that if the tokens is listed into the exchange is legit but that is scammers new tricks after they collect enough funds they will sell all their tokens and exit scam.

The time wasted on some of these projects can even be more painful than the money spent on them, both are bad though and it’s a sad thing that these projects of ICO keeps getting worst despite the fact we keep giving them chance.

Very soon, both investors and bounty hunters might not be willing to take that chance again, which could lead to the end of ICO as crowd funding method, other method that would become popular soon will be IEO, STO and maybe there can still be chance for IPO to be revived since it was the birth of ICO that lead to the downfall our IPO.

you're right, luck is an important factor when we've tried to choose a good project. because everyone doesn't want to lose, and we certainly don't want to lose.

Must check team member and project before investment. Must ask to expert about project and then invest.
Not all ICO exam, main problem they don't reach target, or face problem with implementation, documentation, and other issue, fail a project, and consider as scam.

As long as money is involve dont be so sure even they have a great team they can still betray anyone.Money can buy anything always remeber that. That is the hardest part that we cant deny.

that is what makes me very difficult to believe in a new project because of the reason that we are too likely to be cheated. but I have to be able to reduce the risk by doing some small research so we can benefit from the new project.

We had hundreds of ICO projects and there is none that comes to my mind that sticks around, every ICO that happened were fake one's who scammed every user and ran with the money and there is no legal penalties for fooling the investors and getting away with millions, we know very well that these projects will not come up if there is strict regulation in this market and they were taking advantage of the situation.

There's a lot of disadvantage of investing in ICO right now, it's not worth it anymore, first there is no guaranty that the ICO will reach their soft cap even if the project is good, second there is a lot of uncertainty if the project will push trough I have seen a lot of ICO's stopped their development, because they are waiting for the market to get better.