In the wild west of finance, cryptocurrencies often lure with promises of wealth, but many tread scammy waters. The lack of regulation, anonymous transactions, and volatile markets make it ripe for fraudsters. Pump-and-dump schemes, fake ICOs, and Ponzi structures prey on unsuspecting investors. Without transparency, many projects hide behind buzzwords, tech jargon, and grandiose visions. Always DYOR (do your own research) before diving in. Don’t let FOMO lead to financial woes!