Well, I'm not so sure everyone bothers to read the 'terms & conditions'
It's a shame, as you pointed out, this kind of thing damages the reputation of real cryptocurrencies & the markets.
Thanks for putting it out there, people deserve the opportunity to know about all of the scams & pitfalls to avoid. You can't make a proper decision without reliable information.
Yes, nowadays hardly anyone go into depth of details. That's costs them dearly.
When I started on steemit, I went through their FAQs diligently and figured how it is working. That really helped me to grow pretty faster on steemit. Other people in WA group who started with me are way behind or has left already! This is power of accumulating knowledge about anything you are going to work on. But some people don't understand.