In the wild west of cryptocurrencies, the promise of easy riches often masks a minefield of scams. Many coins lack transparency, functioning more like Ponzi schemes than genuine investments. With anonymous creators and no real utility, these tokens capitalize on FOMO, exploiting uninformed investors. Pump-and-dump schemes are rampant, and without regulations, there's little recourse for victims. Always do your due diligence and remember: if it sounds too good to be true, it probably is. Cryptos need more accountability to shake off their scammy reputation. 