Cryptocurrencies often promise sky-high returns with little transparency, making them ripe for scams. Many projects lack real-world utility and are driven by speculation rather than innovation. Whitepapers can be misleading, and unregulated markets allow pump-and-dump schemes to thrive. FOMO and influencer hype can trap naive investors. Without proper due diligence, the risk of rug pulls and exit scams looms large. Remember, if it sounds too good to be true, it probably is. Stay informed and cautious! 