Scare stories are silly. It is like me saying anything out of cognitive dissonance mindset.
Anyone can make a crypto. All you need is the genesis block. It is well covered said topic.

So you can make one. Does that make you the bogieman?

We have a store of value in anything we trust. Most trust Fiat backed by nothing.

You have a choice to make, trust being taxed with regulations or trust wallet to wallet.