The cryptocurrency Squid Game (SQUID) immensely collapsed in price. The developers appear to have created a scam, cashing in on more than $3 million . The creators of the Squid Game crypto are sitting pretty following a “rug pull” scam that took profits from tricked investors.
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John Lee couldn’t believe his luck. The $1,000 investment he made in Squid, a new cryptocurrency project inspired by the dystopian Netflix drama “Squid Game,” had skyrocketed in price. But within five minutes Monday, his money disappeared.3 Kas 2021
Read moreHow much did squid coin steal?
A digital currency based off the popular Netflix series “Squid Game” is trading at $0 after its creators cashed out, effectively stealing an estimated $2.1 million from investors. The cryptocurrency, appropriately called SQUID, surged as high as $2,861 before falling to $0 as of Monday, according to CoinMarketCap.
Read moreWho was behind squid coin?
John Lee couldn’t believe his luck. The $1,000 investment he made in Squid, a new cryptocurrency project inspired by the dystopian Netflix drama “Squid Game,” had skyrocketed in price. But within five minutes Monday, his money disappeared.
Read moreHow much did people lose on squid coin?
Squid Token Crashes: Investors Lose over $3 Million , Token Value Near-Zero. Squid, a token inspired by the popular Netflix series Squid Game plunges 99 per cent to less than half a cent.2 Kas 2021
Read moreDid people make money in squid coin?
This kind of scam is commonly called a “rug pull” by crypto investors. This happens when the promoter of a digital token draws in buyers, stops trading activity and makes off with the money raised from sales. Squid’s developers have made off with an estimated $3.38m (£2.48m) , according to technology website Gizmodo.2 Kas 2021
Read moreHow much money did squid coin make?
Squid’s developers have made off with an estimated $3.38million (£2.48million); according to technology website Gizmodo, it had also pointed out numerous signs that the coin offering was a scam, including its (now disappeared) website being filled with spelling errors.
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