Squid Game cryptocurrency creators pull the rug from under investors, steal millions

A cryptocurrency project based on Squid Game has allegedly pulled an exit scam, with millions of dollars stolen from investors. 

Popular trends, whether they are meme coins, desired products, or popular television shows — including the Netflix Squid Game series — can all be hijacked by criminals who want to jump on the bandwagon and take advantage of consumer interest. 

The same can be said for the Squid Game cryptocurrency scheme, a project which promised investors a pay-to-play online game based on the television series, in which contestants were made to play lethal games for prize money. 

It should be noted that the Squid Game cryptocurrency project is not associated with the television series, Netflix, or its creators. 

The online game was set to launch in November and would cost SQUID tokens to play. However, less than two weeks after the SQUID token was launched — having reached a peak of over $2,850 — the coin has now completely crashed by over 99.99% and is currently worth $0.003028. 

On November 1, investors who had previously enjoyed seeing the coin rise in value from $0.01 to levels far beyond its original price on PancakeSwap found out they were unable to sell their tokens. 


Read More: https://www.zdnet.com/article/squid-game-cryptocurrency-creators-pull-the-rug-from-under-investors-steal-millions/#ftag=RSSbaffb68