In the wild west of digital finance, many cryptocurrencies prove scammy due to lack of regulation, transparency, and intrinsic value. Countless projects promise revolutionary tech but deliver vaporware, luring in investors with hype and FOMO. Rug pulls & exit scams are rampant as creators vanish overnight, leaving investors holding worthless tokens. Always scrutinize a project's whitepaper, team credibility, and use case before investing. In a world where anonymity is king, vigilance is your best ally.