In the wild west of cryptocurrencies, scams lurk behind every shiny new coin. Many crypto projects promise revolutionary tech but deliver little more than vaporware. Without regulation, it's easy for bad actors to create pump-and-dump schemes, leaving investors with worthless tokens. The lack of transparency and accountability means anyone can issue a token with no real-world value. Remember Bitconnect? The allure of quick riches blinds many to the fundamental risks. Always do your due diligence. In this digital gold rush, distinguish between genuine innovation and mere speculation.