I think this kind of fraudulent projects will always pop up every time there is a new trend. Scammers are experts in exploiting the trending and hot talk of the industry. They even release several fraudulent projects at the same time, either copying other ideas or creating non-feasible ideas. And still unwarry investors always take the bait.
And as much as I want to fell sorry for the people who get scammed because they took the bait,,, in my experience many of them are not even first time scammed.
Just as many scam projects are actually having the same owners behind them,,, the same fake influencers and shillers,,, you also have the same set of speculators.
Takes scammers to run a scam
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If only it's that easy to get your money back once you invested on NFTs. It didn't guarantee you that the price will be back to normal even when the market's back to normal.