The ICO scam is ruining the industry and hopefully it will disappear so that new projects with real intent are given the opportunity. Because bounty hunters and investors also benefit from it.
We should also take note that, scammers cannot scam, if we have been vigilant and careful enough to check those who are real projects to those who are not, if we didn't take care of it and we let those scammers take our money, then it is our fault as well, so, this is what is happening, all of us are suffering from the consequence, still let this be our lesson on our part and to guide newbies to investing and trading.