Cryptocurrencies promise innovation, but many are rife with scams. Their unregulated nature attracts bad actors who exploit investors with flashy whitepapers and unrealistic promises. Pump-and-dump schemes thrive, with insiders cashing in while others face losses. The lack of transparency and accountability allows fraudulent projects to proliferate, eroding trust. Until there's more oversight, skepticism is warranted. Remember, not all that glitters is Bitcoin. Always do your due diligence before investing in any crypto project. 