1 Billion in SCAMS!!! Whoa!!

Well hello there peeps!!! Well I was reading some news about crypto and found this...The FTC reported that in the US, investors lost a whopping $1 BILLION!!! in scams, rug/pulls, you name it, mostly due to the fact there is not enough crypto education and regulations. According to the report which said: "Since blockchain transactions cannot be reversed and are untracked, scammers are able to make away with the money." That is why most people who know about crypto, investors who have being doing this for years always say: DYOR (Do Your Own Research), if you find a project that it seems it could be a good investment, read about it, find who is investing in this, the project team, reviews of it. For example, LUNA was definitely a rug/pull, since the company behind it pulled the funds just before the crash, and several investors who knew about the flaws of LUNA mentioned time and time again about the death spiral, hell...even our uncle Ran had losses since the project seemed solid enough and lots of razzle and dazzle, but in the end it's Achilles heel was its ultimate death...now LUNA 2.0 is out and many people want to recover their losses and some did...but some people wanted to HODL it and think it would go to $100 but no, my friends...no. Please, always always double check before you invest/trade. If you don't know what you're doing and just following others, then the crypto market is not for you. But if you do and loose it all...don't blame others...accept your loss and your responsibility. Be well my good friend!!

By Parth

Source: 

https://www.cryptonary.com/ftc-report-investors-lost-1-billion-to-crypto-scams/

What are your thoughts of this? Do you think it should be regulated? Do you think transparency is not enough?

Your friendly cryptor, AndyHuerta