This perception of an over abundance of scams in crypto, which you will be unable to find solid numerical evidence for, is one of the complaints in our case! Facebook told the entire world that crypto was "frequently associated with false and deceptive practices" and then set about work on their own Crypto currency that same month.

Very few "crypto scams" are unique to crypto. Crypto has made some frauds, which are as old as money itself, easier to complete online but that isn't the fault of the crypto. Credit card fraud still dwarfs anything that goes on in crypto.

Actual scam ICOs (as opposed to crappy business ideas raising money and spending it) do exist, but they're not the majority. Scam artists taking money and saying it is for an ICO is, likewise, an investment scam but not unique or specific to crypto.

Just last week there was a case of a chap who claimed to be investing in crypto, took money as crypto and regular bank deposits from friends and acquaintances, then blew it all gambling online. Headlines said "crypto scam" but it was just a money scam.

Nigerian scams were always scams, that is obvious. There are many solid businesses in Web 3.0 which are rising up and it is clear the tech has legs. Can it reach mass adoption? It needs many things to be done better internally (UI UX etc.) but it also needs to reach new people and the best way to do that is advertising and viral growth. The social media giants squashed both.