Anywhere you put your money especially in the digital world is risky enough. Engaging to cyptocurrency is very risky if you're not very well knowledgeable in the internet. Most of the new comer's are bandwagons thus making a total loss when starting. Don't be ignorant and always be careful.
One of the best way to gain more knowlwdge about crypto is to read threads in this forum. Investing in any kind of business is definitely risky.
Investing in cryptocurrency is the highest risk so far to me in the whole world but, those who are victims of scam project are just lazy because they don't care to do research on the platform they want to invest on, all they will care about is the profits. Hundreds of investors don't bother to read whitepappers rather they go to the total supply and the value of the coin which is very bad and that's why most of the lazy ones get scammed at the end so don't be ignorant.