Cryptocurrencies often appear scammy due to several factors. Many projects lack transparency, with anonymous teams and vague whitepapers that fail to outline clear use-cases or practical utility. The unregulated nature of the market attracts bad actors who exploit investors through pump-and-dump schemes and fraudulent ICOs. Additionally, the promise of unrealistic returns often entices individuals into Ponzi-like structures. Without proper oversight, crypto remains a breeding ground for scams, and while blockchain technology has potential, due diligence is crucial to navigate this volatile landscape.