It’s because 99.9% of crypto companies are either scams or at least illegal in some fundamental way. I’m not even sure that’s hyperbole. People I know who work

It’s because 99.9% of crypto companies are either scams or at least illegal in some fundamental way. I’m not even sure that’s hyperbole. People I know who work at legit, follow-the-letter-of-the-law crypto companies will freely admit the industry is a cesspool. Even when the company is honest, a significant portion of their customers will be scammers of one sort or another. The safest bet for consumers is to assume anything crypto is a scam until proven otherwise.