because ico has no clear and legal legal basis from the state. so for investors to report the scam, it looks like it will be a 50-50 thing between investors and developers. because the developer will also certify that everything is being worked on and worked well. unless there is a clear and legitimate legal basis, and the state acknowledges it before launching it.
if so, the story will be different again, everything will be planned and there will be guarantees.
You are right, it cannot be reported when people that are meant to protect them even sees crypto as scam, not to talk of ICO, they will surely ask the investor why he didn’t invest in a centralized investment such as IPO and STO and when it comes to ICO scam.
There is automatically no developer involved that will certify that because most of the things on their white paper end up being full of deception and for state to acknowledge such project, it must have automatically started operating on a centralized system but so long it is a fully decentralized projects, the best is for every investors to be more careful in choice of project because it seems nothing can really be done now to cub scam activities through ICO.
even the less evil team lie about their whitepaper, if you read between the lines you'll find out something to fud around when you want the price to dip for your advantage.
there are users fighting ICO scam which is why there is a section about scam accusations and reputations, you shall find some busted ones there. ICOs are said to be regulated by SEC, maybe later on we don't have to keep our guard.
