Cryptocurrencies have been hailed as the future of finance, but many are proving to be more scammy than revolutionary. A significant number of crypto projects lack transparency, with anonymous founders and opaque operations. They often promise astronomical returns with little to no basis, preying on investor greed. The volatile nature of the market attracts bad actors who perpetuate pump-and-dump schemes, leaving unsuspecting investors with worthless tokens. Until regulatory frameworks catch up, the crypto space remains a breeding ground for scams and fraud. Always do thorough research and approach with caution. 