A recent Bitget report sheds light on the alarming rise of crypto scams, with deepfake technology involved in nearly 40% of these incidents. The rapid evolution of the web3 industry accompanies an equally fast-paced growth in scams aimed at unsuspecting investors. Examples include the controversial $LIBRA meme coin rug pull and the $CUBA Solana Pump-and-Dump scheme. This reveals the urgent need for vigilance and enhanced security measures within the crypto space. Understanding these risks is crucial for anyone navigating the cryptocurrency landscape. While innovation is vital, the industry must also focus on comprehensive safety protocols to protect investors. Awareness and education about these scams can help users avoid falling victim to malicious tactics.