Cryptocurrencies have taken the world by storm, promising decentralization and financial freedom. Yet, many are scammy, preying on investor FOMO. With little regulation, it's a breeding ground for pump-and-dump schemes and exit scams. Whitepapers filled with jargon promise the moon but often lack substance. Anonymous creators disappear overnight, leaving investors with worthless tokens. The allure of quick riches blinds many to the high risks. Remember, if it sounds too good to be true, it probably is. Always do your due diligence and invest wisely.