But why are scam very obvious now, some are even having domain and nothing done about it. Is it because cryptocurrencies are not regulated the way it suppose to be or this is just how the world is?.
It's not about being crypto as crypto or not totally regulated but as long as there is money involved, there's a scam.
There's no 100% protection against scams as even a trustworthy site can show their true color but unless we will use our common sense, we will minimize being scam especially for an obvious offer that is too good to be true.
For that kind of doubling the money offer, I really don't think it's because they are a newbie why they become interested but clearly, these people (your friend, sorry) are aggressive to make money without doing nothing.