Nowadays there are different ICOs that have failed due to poor team or due to the fact that they just wnt to scam people. Coinopsy estimates that more than 1,000 cryptocurrency that have kicked the bucket. Thousands of people have fell victim either as an investor or as bounty hunter whereby their money is lost or their share was not paid as bounty hunter.
What do you think should be done to cub this evil act because I don't think it can really be cubbed.
As investor or bounty hunter I think we need to investigate first the project we are going to invest or join. Most of the scam ICO's has no image on Team members maybe some have pictures but it is stolen from other persons photo there are many aspects we consider to verify its legit but even well known bounty managers can be fool by this scammers. As individual we must do a deeper research. Are you familiar with SEC? they are currently identifying companies for allegedly conducting ICO exit scams. I hope all ICO must be approve by SEC first before it can launch to minimize the risk.
