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Yep. It comes down to information asymmetry. Harder to trick and scam accredited investors

Most token sales make good money with very low effort scams

Sadly a lot of token sales were pump and dumps through VCs, so even this is not true. SEC registering looks like a better filter for now.

But here the VCs are the criminals and the predators not the victim of the scam. VCs are more sophisticated to avoid being the victim

Yes, I just wrote this to express that even sophisticated investors take part of worthless projects.

> Harder to trick and scam accredited investors

Not necessarily, accredited investors are dentists and successful pool-installers.