The precautions that services take to help prevent their customers from getting scammed are also getting somewhat better. MyEtherWallet has added a banner at the top of their
real website which tells you to avoid ever clicking on links from Slack or other platforms which scammers have been using to take people's funds.
Unfortunately, scams are an inevitable part of a decentralised system. It forces people to take responsibility for their funds and be careful, which is part of sovereignty.
Alex Saunders has been trading cryptocurrencies from Launceston for five years and has seen scams become more sophisticated, including phishing scams, pyramid schemes and websites that tout extraordinary returns.
Ponzi schemes which accept BTC have existed for quite a long time, and they have been used to scam huge amounts of people over the last few years. This increase in value has not affected them as much as the article claims.