Cryptocurrencies promise revolutionary financial freedom, yet many are riddled with scams. The lack of regulation creates fertile ground for pump-and-dump schemes, where insiders hype a coin, inflate its value, and then sell, leaving naive investors with worthless tokens. White papers often lack transparency, and anonymous founders can disappear without accountability. The allure of quick riches blinds many to the inherent risks. Until robust regulations and transparency are standard, it's crucial to approach the crypto world with skepticism and caution. 