As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
ICO fraudulent projects do not advertise that they are fraudulent. They are trying in every way to prove that they are good and promising projects and deserve to invest in them. And they do it quite skillfully. That is why they manage to collect huge amounts of money. Very often fraudulent ICO projects cannot be distinguished from real ones. In addition, we do not have enough opportunities to check the ICO team and their project. In this regard, fraud in the activities of the ICO is flourishing.