**The Psychology of Crypto Scams: Why Do People Keep Falling for Them?**

Cryptocurrency scams continue to thrive, with many individuals falling prey despite growing awareness. The psychology behind why people keep falling for these scams involves several key factors:

1. **The Promise of Quick Wealth**
Scammers often lure victims with promises of fast financial gains, exploiting people's desire for instant wealth. This triggers FOMO (Fear of Missing Out), causing people to act impulsively and overlook red flags.

2. **Social Proof and Influence**
Crypto scams often rely on fake testimonials and endorsements, creating a false sense of legitimacy. Victims are swayed by the idea that "everyone else" is profiting, making them more likely to trust the scheme.

3. **Overconfidence and Lack of Understanding*
Many newcomers to crypto overestimate their knowledge, making them susceptible to scams. Scammers use complex jargon to create a facade of legitimacy, preying on those who don't fully understand the technology.