I've witnessed this too. I have met guys at these events that have spent 5-10 million just traveling and attending these things.
They have been traveling with private jets with gambling and escort included then, in my head is only explanation for burning that much money.
Unfortunately in this cases we need organizations like SEC to step on their fingers and prevent project to exploit investors and then spend their money irresponsibly
I agree with the point of view regarding consumer protection and liability, but I prefer not to fool myself about the SEC, as there will always be more shadowy and shadowy interests behind any initiative that seems to us to be favorable
It is clear that if there had been more restrictions on verification, it would certainly have saved millions of dollars in fraud. But, the disbelief of the newcomers has confused what is an investor and speculator in ICOs.
As an investor, he asks about the team, if possible meeting them in a conference. Or through videos, with old ones of several years old is better. And, other than that, that makes him feel comfortable.
As a speculator, he will only aim to try his luck by observing the minimum that everything is still correct in the WP.
But we have known this for a long time. Discussions have emerged in this topic in many places on forums, social networks, etc....
