There are bad people everywhere. There are even more on social media. We can't ignore the good things being done there just because there are bad people somewhere. Social media is an important tool for the development of cryptocurrency and its spread to more people. Many projects have been introduced and continue to be introduced on social media. Projects reach a large number of people through social media.
One of the biggest roles of social media today is that it makes it easier and faster to reach people. Sometimes the way to access information is through social media. Sometimes the way to present information is through social media.
That's right, many people have been able learn about crypto via the social media and so many people have also been scammed via the social media. I remember some years back, the Twitter account of prominent user was hacked and the hacker managed to steal lots of money from the followers of the victim's account and how he was able to steal from the follower is because he introduced a crypto investment scheme to them.