there is no denying that the blockchain project is synonymous with fraud, because most people only see it as a comparison of bitcoin which has become an extraordinary digital asset. With the capital of a whitepaper and a vision to create revolution many people are deceived.
but not all blockchain projects are like that, this happens
because of a lack of regulation,
regulation cannot totally combat frauds . ive witnessed alot of regulated projects but they can still be bypass by fraudsters . we all cant prevent fraud because fraud is already part of the ecosystem ( not just crypto ) altough we can minimize the risk of catching them if we manage to plan our moves and decisions carefully .
Its true this white collar fraud not just cryptocurrency, its happen in stocks market too. If we recall Bernie Madoff, we know that economic system can used for fraud. Regulation only can reduce but can not stop fraud in any bussiness and investment, what we can do is stay carefull with our investment