You are very funny) In Kitai, the death penalty is set for a bribe, but nevertheless, people do not cease to commit fraud, even under the fear of death.
90 percent of all ICO projects turn out to be fraud, the team spends investors' money to buy houses and Lamborghini. And now ask yourself "have you heard a lot about the fact that the teams of such projects were punished for it"
I just started reading about the fact that the SEC suspends the activities of such projects, but these are isolated cases.
I have heard that you can see even the celebrities the promoted the scam icos have been getting their punishment from SEC. that has become the main concern dude.
As far as i know that about a lot of regulators are searching these scammers and they wanna taking lawsuit against them all.