People just want a quick profit and don’t understand that if it sounds too good to be true then it probably is. Even regular exchanges can scam us as well. I’ve been a victim of an exchange that went out of business.
mainly those shady exchanges that didnt show the identity of their owner and who knows from which country the developers of that exchange comes from. It's like an endless cycle tho, most of the newcomer dont have a clue about the rampant scam that's still happening until now and maybe because of lack education aswell.
hopefully there's gonna be a method to prevent this thing although i mostly doubt, even in other market the scam is rampant aswell.