Cryptocurrencies have taken the world by storm, but let's face it, the lack of regulation and transparency makes many of them ripe for scams. From pump-and-dump schemes to rug pulls, unscrupulous actors exploit the decentralized nature to defraud investors. With no central authority to hold accountable, victims often have no recourse. While blockchain technology holds promise, the current crypto landscape is fraught with risks. Always do thorough research and approach new coins with caution, because not all that glitters is digital gold.