Fraud rate in crypto is insane... not only it's being used for fraudulent activities but 50% to 70% of the new initial coin offerings are fraud !! https://bitcoincasinowiz.com/blog/cryptocurrency-statistics/
Good to see authorities are taking actions..
I personally only use bitcoin for gambling / investing and stay away from any meme or shit currencies like squid game coin (that survived just 2 weeks as I remember)
Currently the markets are in suffering due to the high inflation and so is BTC, so it's worth evaluating the opportunity to buy.