If someone loses money in a rugpull, are they a victim, or should they have known better?

Lets get this straight first. I'm not talking about hacks, black swan events or other events that are often very much outside our circle of influence. I'm talking about people investing in DogeInuElonXMoonRocket type of coins. At some point, almost always, these coins will drop to 0.

Now obviously people buy into these coins for the money, not the tech. Also, despite so many cases and red flags some individuals keep getting hyped over them, putting in large sums of money in hopes to make it big. Some actually do make it big, they win, then tell all their followers about it (keeping the hype alive). The vast, silent, majority will lose their money.

Due to a lack of accountability a rugpull is relatively easy to set up, and to get away with. However, that doesn't make it right.

But it has left me torn. Are the people who gamble on these shitcoins victims after they get rugpulled?

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• Yes, because they knew the risks of the gamble. But where do you draw the line?
• No, because a rugpull should be against some law, and therefore not possible. After all, your investment gets stolen from you. But isn't it everyone own choice and responsibility to invest in whatever they want?

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What do you think? Have you ever been rugpulled, and did you accept the risks upfront?

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Edit for clarity:

Victim: We should feel sorry for you

You should have known better: It's your own fault. You gambled and lost