The scammers prey on the uneducated and honesty the veterans of this space too. It’s so hard sometimes to recognize a scam when a new service comes out. First movers can sometimes take a ton of profit, but they can also lose it all.
This is the kind of stuff that makes BTC look bad but when it happens in fiat everyone is already numb to it. Damage now but it will be just a random headline in a few months.