That's a shame. The excitement generated by legitimate cryptocurrency gives cover to fraudsters. This is a fact of life that comes along with any kind of success. But expect cryptocurrency in general to get the blame, although stock and insurance scams don't seem to have the same effect.
As long as there aren't any clear rules concerning ICO's, and thus scammers have plenty of freedom to exploit in this market, literally nothing will change. In this case, the blame should be going more towards the slow ass authorities with their time wasting back and forth movements than anything else. It's purely the freedom that gives scammers the incentive they need to continue these nasty practices. If you have the freedom to act like this as a crook, where on top of that people in this market are insanely greedy and retarded, you basically have a guaranteed source of problems that will keep occurring time on time again. It's not the first scam going down, and definitely not the last. I am waiting to see the first billion dollar scam pop up in the coming years -- it's just a matter of time.
