This is a good thing. The crypto industry is full of scammers and people who are trying to take advantage of the mania. Weeding these people out and protecting people from them is a good thing for the long term prospects of the industry. Those thinking it's the end of the world are fairly short sighted. This is a good thing for BTC!
I agree, the hype in Crypto-world is very high, and many people get scammed, this is a good thing. Before getting on the top the market is going to fall, but afterwards we will get almost clean community with no scammers.
