The "Squid Game" cryptocurrency collapsed in a $ 3 million scam

The 'Squid Game' Crashed and Its Creators Disappeared Taking $3,38 Million

squid games

A crypt εμπνευσμένο από το σήριαλ Squid Game, προσέλκυσε με επιτυχία αρκετούς επενδυτές, και έτσι η αξία του εκτινάχθηκε σε πάνω από 2.800 δολάρια… προτού οι δημιουργοί του redeem and disappear !!.

The cryptocurrency with the name $ SQUID, which had nothing to do with , launched in late October and managed to increase its value by up to 310.000 percent, in just a few days. It was billed 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 participate in a deadly game.

However, at 5:40 a.m. Monday, the value of the currency plummeted to $ 0, its website disappeared and its account 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 signs from the beginning that the cryptocurrency was a scam, but people ignored them, perhaps because of the promise of a game based on the popular Netflix show. His site was full of spelling and grammar mistakes and, the 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.

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Written by Dimitris

Dimitris hates on Mondays .....

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