Cryptocurrencies make rich people instant, if we have a capital of $ 1 million then easily become $ 50 million in a year, the easiest thing is to make a project and recruit 3 people to be alert in Discord or Telegram and Pump slowly, when it becomes trending in Coinmarketcap it will automatically automatically Many buyers hope for big profits, then pump and while selling slowly.
It is the wrong perception that anyone can be rich instantly in crypto.
Having $ 1 million doesn't mean you automatically multiply it to be $50 million only in a year. If you don't have sufficient knowledge and experience in investment, instead you can lose the money. Having enough knowledge and experience, it takes time and effort. You can expect to master everything in a short time, it sometimes requires a long time (several years). So, don't misunderstand that it is easy to be rich in crypto investment!!
You are right that it is not possible to double or triple your invested capital overnight but sometimes there is lucky jump in life, like people who bought Bitcoin in 2018 at an average price of 5-6K dollars and held it patiently, their money was multiplied by almost ten times in bull market of 2021 but it took almost three years, which I think changed fortune of those who invested at the right time and took exit when Bitcoin made its ATH.
As far as corrupt people in crypto are concerned, they are in every sector of business, in every country and in every society, we need to identify them and never get trapped in their scam projects.