from every side, fraudulent projects almost killed the entire cryptoqurrency space including project investor confidence. actually not only now, but fraud projects have existed since then and still continue today. we can't eliminate it completely but we can still avoid it by not participating in suspicious projects.
There's a lots of scammers and more to come since they are seeing the big benefits once they've able to execute their projects and reached investors
to invest with them. It's really killing everything and sending away most of the potential from people who experienced scammed results.
It's hard nowadays to entrust your money only those who have strong faith and still optimistic are the one who able to continue to invest in.