In the wild west of crypto, many projects tout decentralization but lack transparency, often with founders who hide behind anonymity. While genuine innovation exists, a significant number of cryptocurrencies are launched with vague whitepapers and unrealistic promises. Pump-and-dump schemes, where insiders hype a coin and sell at a profit leaving others with losses, are rampant. The lack of regulation further allows bad actors to exploit investors' enthusiasm. Always research thoroughly and be skeptical of "get rich quick" narratives.