A cryptocurrency launched with the branding of hit #Netflix sequence #squidgame Game has disappeared from the web, leaving buyers out of pocket and fearing that they’ve been scammed. The token had surged more than 300,000% on account that launch, being valued at over $2,850 earlier than suddenly dropping to almost zero when the creators seemed to vanish with investors’ funds. It had launched to celebratory news reviews telling followers of the dystopian sequence that there was once a cryptocurrency for them to join an on-line version of the game, due to start in November. However, all those buyers and gamers have now been left out of pocket, with the price of the foreign money losing to near zero and the creators’ website disappearing from the web. Its creators were not permitting traders to resell any of the tokens which they had purchased, and there was no legitimate licensing agreement for the use of the Squid Game mental property. At the time, the creators claimed they were the usage of an anti-dumping technology that avoided human beings from selling their coins in a manner that would distort its market value, and that a second cryptocurrency they had been growing would allow winners to sell their holdings. But buyers concern those claims appear to have been cover for the scam. The kind of suspected scam known as a “rug pull” happens when the developers of a cryptocurrency run off with investors’ funds, leaving the value of the forex to drop to practically nothing.
SQUID cryptocurrency reached its peak at $ 2,861 before dropping to $ 0 around 5:40 a.m. ET., According to the CoinMarketCap website. This type of theft, often referred to as “rug pull” by crypto investors, occurs when crypto creators quickly withdraw their coins for real money, removing liquidity pool from trading.
The SQUID crypto currency was unveiled just last week and includes a host of red flags, including a three-week-old website full of unusual spelling and spelling errors. The website, owned by SquidGame.cash, has disappeared, along with all other social media platforms created by fraudsters. You can see the archived version of the website here.The SQUID crypto currency was unveiled just last week and includes a host of red flags, including a three-week-old website full of unusual spelling and spelling errors. The website, owned by SquidGame.cash, has disappeared, along with all other social media platforms created by fraudsters. You can see the archived version of the website here.
