Squid Game Crypto Rug Pull

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Canada Nev's Tech Bits
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Squid Game crypto plunges to $0 after scammers steal millions of dollars from investors

New York (CNN Business)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. The scam, which was reported by Gizmodo, is called a "rug pull." That means the crypto's creators cash out of their coins in exchange for real money, quickly devaluing the crypto's value.

https://www.cnn.com/2021/11/01/investing/squid-game-cryptocurrency-scam/index.html



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