[honestlyreally]

Lots? Name one ico over $1m that has run off with others money?

Plenty of raisings based on spurious concepts but yet to see one actually go full scam, essentially these people have bs programming jobs for a few years until they admit their product is not desirable to anyone.

Most will fail, but at the very least the world will get some open source software from it.

More than could be said for all the dodgy mining explorers I've invested in.