Will scams and Rug pull ever stop

[Speaker]

The bear market will show us fraudulent projects, many of which will not survive it.

[Ghozrd]

Fraud in crypto will always exist because there are no regulations or legal rules regarding new projects in crypto, but this is the risk of investing, we profit when we get a good project.

New projects are currently being created, despite the ongoing bear market, many projects above rank 2000 are still surviving despite their declining trading volume.

[Jaephoenix]

I'm afraid the answer is no, never. In fact, scams and rugpulls are going to be more sophisticated and complex as cryptocurrencies get more investor dollars and worldwide attention. Also with no regulations and restrictive laws, criminal elements would love the Wild West scenario of crypto

[Speaker]

It will take a long time before the market becomes regulated and transparent

[Fenix]

Fraud in crypto will always exist because there are no regulations or legal rules regarding new projects in crypto, but this is the risk of investing, we profit when we get a good project.

New projects are currently being created, despite the ongoing bear market, many projects above rank 2000 are still surviving despite their declining trading volume.

If in the ordinary spheres of human life it is impossible to eradicate fraud and various kinds of abuse, then in the practically unregulated sector of digital money, with a high degree of anonymity and confidentiality of its participants, it will be impossible to eradicate these phenomena at all. In any case, in the foreseeable future, this is not even worth hoping for. Moreover, the reserve of beginners, who can be very easily deceived, is still very large. After all, only no more than 20 percent of people are familiar with cryptocurrency and this market.