The number of crypto frauds has increased due to a combination of hype around the market, the inexperience of new investors, and the development of social networks where fake projects can be easily masked. Malefactors actively use phishing, fake drops, counterfeit exchanges, and fraudulent smart contracts. The number of deepfake videos featuring "advertisements" from famous individuals has also increased. The demand for quick profits drives people to make questionable investments without verification. The lack of strict regulation in many countries allows fraudsters to operate with impunity. All of this creates the perfect environment for the growth of crypto frauds.
