This is the main problem right now and a lot of people are being scammed without even their noticing it. They just take the bait for promising words or thinking that the project will be gonna huge in the future and even though the developers are hiding their information or just creating fake profiles on LinkedIn.
Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.
I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,
It was a sad reality but some people scam you face to face without worrying about what will happen to them because what is in their mind is to make money by fooling investors. Their hungry for money makes them find a way to trick people by all means and succeed. I have no clue what else we can do because even though we spread awareness but still, a lot of people become a victim.
I guess, we have to accept that these scammers are a part of crypto journey and no way to rid them.
scam is everywhere not only in crypto and there is no way to get rid of it completely it comes from human greed so once we don't get rid of greed it will always be by our side. scammers are becoming public in the market and scammers don't need to hide their faces anymore, simply because they know that there are no regulations or laws to be enforced in this market, Luna is an example.
the only solution we have, i think is regulation, once regulated, these situations will lessen because scammers will face the law if reported but regulation will make us lose our privacy when participating in investment.