These stories fit peoples' expectations for fraud in Bitcoin, they lust for scams and intrigue.
The null hypotheses is boring but also quite plausible: bitcoin sees bubbles because price has been steadily rising and this eventually triggers positive-feedback cycles that cause the boom and bust. The insensitivity of Bitcoin price to news/events supports this hypothesis: price is the news.
The fraud narratives are more tea-leaf reading than actual analysis. Just dive into the Willy bot oeuvre if you'd like a sense of that.
Losses in cryptocurrencies like Bitcoin and ICOs are the result of individuals hyping each other up and smoking hopium. Opportunities have to at least pass a smell test before you can claim you've been "duped".