Exactly as cryptocurrencies are gaining more recognition, that's how the numbers of scams that relate to this space are increasing too. So those of us we have to work our ass off before earning, should be careful of the way we invest those hard earned funds. Because alot of scammers are at there , that are finding all means to get one hard earn money.
Like a friend of mine he said he Invested on a certain project, hoping for something big but at the end the project run with alot of people money even his . So avoid that from happening to us we have to be cautious.
Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.
Education about the dangers of fraud should be understood by all potential investors, because we will never know where, when and where this danger comes from. Projects that are abandoned by their owners can be used as valuable lessons for all of us to understand how fraud itself works.