Well, it is because there are many peoples still not aware of the risk of being scammed in crypto.
If we aware of that, we will be more strict when choosing a project to investing with our money.
we should be more willing and careful when choosing a project. because I think we all know there are too many scammers here, and we really have to improve our skills not to be fooled by scammers.
Scamming is the easiest and the best way out there among the scammers to make quick easy money. The unbridled coin launches is the sole reason behind why so many people lost their money to fake projects. I vividly remember the time we had numerous tokens and coins out there in the market when it was 2017 boom. Since people were interested in investing in crypto due to FOMO, that thing was targeted by the scammers.
Looks like there will be FOMO this year again, we haven't seen an altcoin FOMO yet but when it comes, hopefully people will make a good decision.
People surely have learned in the past and if newbies will try to study the market history, they might prevent themselves from getting scammed.