The cryptocurrency «Squid Games» crashed and its creators disappeared drawing a 3,38 millions dollars.
A cryptocurrency inspired by the Squid Game series successfully attracted several investors, and its value soared to more than $ 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 kind thefts, commonly called a "rug pull" by cryptocurrency investors, occurs when the creators of a cryptocurrency quickly cash out their coins for real money, depleting the liquidity pool and naturally disappear.
Scammers may have made up to $ 3,38 million.
Υπήρχαν πολλές ενδείξεις από την αρχή ότι το κρυπτονόμισμα ήταν απάτη, οι άνθρωποι όμως τις αγνόησαν, ίσως λόγω της υπόσχεσης ενός παιχνιδιού βασισμένου στη δημοφιλή εκπομπή του Netflix. Ο ιστότοπός του ήταν γεμάτος ορθοgraphics και γραμματικά λάθη και, οι χρήστες μπορούσαν να αγοράσουν νομίσματα αλλά δεν τους επιτρεπόταν να τα πουλήσουν.
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.