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RE: ICOs result in nearly $400 million lost according to audit
I found it weird when reading articles about this earlier that they seem to conflate having your money stolen by hackers with investing in completely unknown token coins, with no future, based in foreign countries, run by stock-photo actors lol
Agreed. They shouldn't draw that kind of parallel. Just because an ICO is new to market and unfamiliar to the investing masses doesn't make it a scam or even a bad investment. But the media seems to put them in the same class with ICOs that have been hacked. Perhaps what they should focus more on in their reporting is the lack of reliable security at ICOs. If they are having serious issues with users suffering from phishing attacks, the sites are partially to blame (though it's hard to forgive anyone who falls for a phishing attack these days). Essentially, the site needs to implement better security measures and should use two-factor authentication with every account. Until they are willing to invest in those security measures, I'd tread with caution.
I think the issue is mainstream writers don't make any effort to understand the things they write about and therefor have nothing helpful to add to the discussion (yet again). lol