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Yes, that happened, there were those who took advantage of the situation to get money from others..
I live in Colombia, and here when you talk about crypto-currency people immediately relate it to money loss. And they don't go any further. They don't know what they're missing he he

It's really bad for crypto.
Those people need to be educated but I know it is not an easy task. But once crypto gains adoption, they will learn themselves but I am afraid, they might have missed the moon mission. :D