Whether crypto or the stock market, there are always scams - difference is, that the stock market is heavily regulated. That doesn't make it immune, particularly not in penny stocks. I remember one scam that played right in my neighborhood where I lived in Canada: the Bre-X scandal, and, as in your case, the culprits pulled out all their money and investors were left holding the bag.
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Yeah, this sort of thing keeps happening to me over and over again. Not sure if I have any business messing with crypto anymore.