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 .
Frauds can be only minimized from the side of people who were getting scammed even after they have lot of ways to identify the scams and legit in this modern world.