Crypto Scams are a global issue

[AjithBtc]

This is really a fault on the part of investors as they are incapable of selecting real projects for their investments and end up with scams. Before investing our hard earned money into crypto projects, we shall at least check reviews about it on the famous forums or crypto sites. I never try to invest into newly launched projects because of doubts on its credibility. I simply prefer going with few months old projects.

It is hard to say but yes, investors are the one who are responsible in everything, they need to research first the project they are aiming so that they will be no situation that they are losing their money due to wrong decision that they invested in wrong project and they run.

Even after spending more time it is impossible to find a project to be a scam in some cases. This is all because of the way the project is being developed and the growth it attained over the starting days of the project. When days run there'll be lack in the growth and the scheduled progress won't be achieved making it to be a scam.

[1714675436]

1714675436

[1714675436]

1714675436

[1714675436]

1714675436

[X-ray]

Crypto scams are far from being over and I put the blame of this on investors only. They are the one who blindly invest in scam projects without doing any research and these scams will continue to happen if we are not willing to invest our time and efforts in analyzing the project prior to investing in it.

most of then people that got scammed or those people who just going to crypto for the sake of seeking profit but have literally no clue regarding crypto even at the slightest and they usually are lured by the scammer, you can't blame it entirely to the victim simply because their thinking varies. lack of regulation is what make the condition and the regulatione exist is for the sole purpose of saving those kind of people from becoming a victim.

[BartS]

Well yes that you will be secured from scammers and hackers but you'll miss lots of opportunities and i think it is part of the risk that we're taking when we enter the crypto world, it is our job to research about the project  that we're investing with because once we found out that its a scam, we can warn others specially newbies about that specific project that only scams people and you could save other's money by your research.

But many of those opportunities are not real, even if there are thousands of coins in the market that doesn't really mean that you have thousands of options in which you could invest your money, at best you have something like 50 different coins in which you could invest, the rest are scams, bad projects or projects that are copying other coins.

So I do not really feel like I'm missing anything because I can invest in the best coin in the market which is bitcoin and in a few other good altcoins like ethereum.

That is true, we should only focus on the few cryptocurrencies in the market instead of wasting our time and effort to check all of the cryptocurrencies in the market. It is just about being wise and smart that in the long run, only the OGs and the real cryptocurrencies with working product will definitely make it at the end.

Today, the entire cryptocurrency market, as well as each cryptocurrency, is in the spotlight due to fraud and the use of cryptocurrency in criminal activities.  It’s not only about fraudsters who manipulate the cryptocurrency market, but also developing fraudulent projects to rob investors, but it’s also about those actions that make governments speak negatively about cryptocurrencies and try to impose rules on users where cryptocurrency users lose their  anonymity and will be forced to provide passport data.  One way or another, we will not be able to get away from reality and KYC will be mandatory for each cryptocurrency user, as well as a global check of each company that is connected with cryptocurrency will be mandatory and this will be a panacea for existing problems.

Due to these scams, repute of crypto around the world is badly damaged. Taking advantage of these scam projects many countries have issued advisories against cryptocurrency and ICOs. IEOs came to rescue crypto market but they were of no use.
Exit Scams Swindled $3.1 Billion From Crypto Investors in 2019: Report

This is not really a problem of reputation, if it was then we could argue with all of those people that are somehow giving a false impression about the market of cryptocurrencies, this is a problem of facts, it is undeniable that a significant portion of the market of cryptocurrencies is composed of scammers that are doing nothing but looking for ways to get to your coins.

And one of their favourite ways to do this is to try to create projects that give the outward appearance of being a legitimate project when that is not the case.

[ChronoLite]

Now that crypto is allowing us to transact globally I am questioning if we are going  to start to see more scams happen between countries.

scams are always with us, we can't get rid or even remove scams from existence due of how is the nature of life where good things always have bad things beside that. Even before that  thing from the news said, you will see scams are everywhere.
even if it is so promising at the beginning but we don't know what should expect later