Yeah, they learn things the hard way, one angle you did not mention is that many hacks are preplanned by the organizers and programmers. If it is truelly legit tech security breaches should never happen or they would happen to everyone all the time. The big losses will come from fowl play being discovered within these organizations, because if you need $100+ million to bring a product to market, the tech will always be worthless because true innovators can do it for only $10 million or less. Plus most who vest in ICOs sell off as soon as the token reaches the market then they buy the next one. ETH is responsible for this madness as ETH is just a token on the Ethereum platform used as gas. Their big freeze is coming and for them a transition to POS will expose what POS(piece of shiite) and ETH(enough trolls hashing) truelly stands for.
RE: Ethereum Co-Founder Thinks ICOs Are a ‘Ticking Time-Bomb’