Ya.. you can tokenize a ponzi scheme and it's still a ponzi scheme.. doesn't mean crypto is the problem. But ya, some people will certainly run away with that message.
I guess in a weird way it's kind of ok. Things like BitConnect can be kind of like a containment ghetto for the people who want to hate crypto. Seems fine to let them wear themselves out that way rather than try to lie and distort about the good projects.