The crypto industry has been advertised as being the panacea of the problems occurring in the global economy, however; crypto scams is one issue that even the crypto sector has not been able to overcome so far. For centuries, human beings have been involved in scams of various natures. With the advent of technology, scammers started scamming on this platform. From Ponzi schemes to fake wallets; the crypto industry has seen it all, and new ways of scamming are increasing rapidly. The fraudsters have been implying sophisticated scamming techniques and ripping off the crypto enthusiast with their coins. The veil