🚨 Most cryptocurrencies are scammy because they thrive in an unregulated market, attracting bad actors who exploit investors. The promise of quick riches lures many into pump-and-dump schemes, Ponzi setups, and ICO frauds. With flashy marketing and fake endorsements, these scams capitalize on FOMO and lack of due diligence. The anonymity of crypto transactions further complicates recovery and accountability. Always research and stay skeptical to protect your investments in this volatile space. 