Assalam-o-Alaikum,

friend I hope you will be doing well, You try to explain your understanding but I think you can elaborate some more things and can go deep in the topic.

Yes, fake wallet and the Ponzi schemes are new ways for scammers to scam innocent people. I hope this contest will be prove a source to get knowledge about crypto scams and than people can avoid such scams.

Greed lead to failure, I think we need to work ard instead of greed to make money in fast way. because shortcuts lead to failure.

Try to explain in depth, Overall good effort brother.

Good luck in this contest.