If you stupid enough to believe people are going to give money away then you deserve to be scammed I am sorry. This doesn't make crypto look bad at all. All the crypto scams have fiat versions too.
Investments and some banks also scam people and then go under. This happens in the fiat world too. It's almost like some people think scams never existed until bitcoin.
they've mentioned about creating their own cryptocurrency and assured of 30% - 40% return monthly.
I don't know, but why even today, people tend to invest in this kind of scam. People are easily deceived and being scammed because they continue to do such thing as investing and having ROI monthly. There is no such thing as investing and having a guaranteed return without doing anything. Not only in crypto space, even in real world, people should realize it that earning money is not easy as that.
Scammers have the same concept, they keep on promising a sure return every month at a specific percentage, people should know this trick and even if they said they are government approved, you still have to do your own research. Theres a lot of crypto scam, dont get fooled easily and have your right knowledge always.
Well firstly to being with you should never ever believe any place that says they government-approved being there is no such thing. Crypto space is the real world what are you talking about?