With SQUID, its creators walked away with $3.4 million with an investment that’s unlikely to have cost them one-tenth of their theft returns.
Read moreHow did squid coin crash?
A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam . Squid, which marketed itself as a “play-to-earn cryptocurrency”, had seen its price soar in recent days – surging by thousands of per cent.2 Kas 2021
Read moreWhen did squid coin come out?
A cryptocurrency inspired by the popular South Korean Netflix series Squid Game on November 1, 2021 , became the most hyped digital token when its valuation shot up to $2,861 per coin.22 Kas 2021
Read moreCan we sell squid Crypto?
The CoinMarketCap website says a ‘We have received multiple reports that the website and socials are no longer functional and users are not able to sell this token . There is growing evidence that the project is rugged. Please do your own due diligence and exercise extreme caution. ‘
Read moreWhat is squid token?
The squid was billed as a token that could be used for a new online game inspired by the Netflix series – which tells the story of a group of people forced to play deadly children’s games for money. The game was due to go live this month.
Read moreWhat is the biggest rug pull in crypto?
The biggest rug pull scams included the Turkish crypto exchange Thodex , where the founder disappeared shortly after the exchange halted users’ ability to withdraw their funds, ultimately taking roughly US$2.6 billion, and the Doge-themed Anubis DAO where US$58 million was stolen.
Read moreHow do you stop a crypto rug from pulling?
Before you purchase any token listed on a decentralized exchange. Most fraudulent crypto developers are anonymous and are not directly tied to their tokens. Check out the creators of any project before buying the token and also check out their social media profiles .
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