I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.
True social media is a platform and being a platform it is a tool use for advertisement and spreading information and propaganda. In my opinion it is right to say that social media is used for scams and other fraudulent activities but the platform itself is neutral since it can also be used to spread good things and correct information. I think being scammed is not the social media platform's fault, it is the people who don't do their diligent research whenever they got interested on any crypto investment venture.
Well, humans are prone to react negatively to certain things especially when they're the victims and some have even blamed the media for their carelessness, however it may be, the media has it's benefits to Cryptocurrency and has caused a recent mass adoption of Cryptocurrencies be it Bitcoin or Altcoins. For instance, Cryptocurrency is the new trend when it comes to finance and one the fastest ways to know about new trends is the social media.
As I stated, and I agree with you that it was the carelessness of people who are trapped and become victims of scams introduced in social media. The same way social media is being used to scam people, it is also the platform that reminds people of scams and fraud that may take place on the platform. In terms of information destination, social media platform is indeed of great help to the cryptocurrency industry because social media platforms have millions of users.