>As I get older, I do not understand how known scammers, especially the ones that raise millions over and over, get support time and time again.
Con artists are good at what they do. People are a thousand times easier to hack than a database server. And there's no security patches for human emotion; we are full of 10,000 year old zero days.
Agreed, but if you are a VC you do basic DD right? And if there is a reddit group calling your new star CEO a scammer, you might check a bit? But yes, full agree.
It's also a calculated risk. Every ICO in existence has its' detractors. But with so much free funny money floating around, the calculation is heavily outweighed towards FOMO.