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Taking advantage of being decentralised, nor investors are being educated on what sort of projects are they embarking their investment, greed plays a vital role for such scams; hope the consensus are used for betterment rather to multiply outflow.

Yes many experts made thousands of Bitcoin by scamming people on name of ico

@real-info ICO investment is always risky. The way companies do promotions is very attractive and people get fascinated by the ICO and invest their hard earned money. But as people see that the ICO is not following their road map, they come to realize that they are trapped in a shit coin. But by that time, it's very late. Why this happened because people do not do study about the project, if it is having unique concept, whether it has a strong and real team, whether that ICO will add value to the current market cap etc. So we should always remember these things before investing in an ICO. No one will help after being scammed.

Now we already have huge numbers of coins in exchanges

Ico need deep research and hardly people doing it

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