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Squid Game crypto token plunges to $0 as creators steal millions from investors in ‘obvious scam’

November 6th, 2021
Categories: News

Link: https://www.rt.com/business/539136-squid-game-crypto-scam/

Market value of Squid, a new crypto token based on Netflix’s hit series ‘Squid Game’, dropped to zero after skyrocketing to $2,850 per coin in a day, investors unable to withdraw their funds.. Squid, launched last week at 1 cent, jumped 7,500% from $37 to $2,850 per coin. Within minutes, token’s value collapsed to $0.0008. Crypto analysts say things happen when cryptocurrency creators abruptly withdraw their tokens to cash in. Called “rug pull” by crypto investors. Squid’s developers reportedly got $3.38 million.. Gizmodo experts state Squid “obvious scam, ,coins could be bought but not sold..

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