The cold currency 'Squid Game' Crashed and Its Creators Disappeared Taking $3,38 Million
A cryptcurrency inspired by the Squid Game series, it successfully attracted several investors, so its value soared to over $2.800… before its creators redeem and disappear !!.
The cryptocurrency with the name $ SQUID, which had nothing to do with Netflix, was released in late October and managed to increase its value by up to 310.000 percent in just a few days. It has been touted as the supposed way to play an upcoming online game based on the South Korean series, in which people buried in debt are forced to take part in a deadly game.
However, at 5:40 a.m. Monday, the coin's value plummeted to $0, its website disappeared, and the accountto him Twitter was blocked. This type of theft, commonly referred to as "rug pull" by cryptocurrency investors, occurs when the creators of a cryptocurrency quickly redeem their coins for real money, depleting the liquidity tank and of course disappearing.
Scammers may have made up to $ 3,38 million.
There were many indications from the beginning that the cryptocurrency was scam, οι άνθρωποι όμως τις αγνόησαν, ίσως λόγω της υπόσχεσης ενός παιχνιδιού βασισμένου στη δημοφιλή εκπομπή του Netflix. Ο ιστότοπός του ήταν γεμάτος ορθογραφικά και γραμματικά λάθη και, οι users they could buy coins but were not allowed to sell them.
This is not the first time a coin based on a current event has been issued and it will not be the last. Those interested in investing in new cryptocurrencies should be on the lookout for signs of fraud.
