Squid Game Crypto
The deadly nature of Squid Game has appeared in real world too. As Squid Game Crypto has done a scam of more than $2 million. It has become the embarrassment for the investors of crypto market.
This is the live example of ‘rug pull’ and also the warning for the investors that never purchase any token or coin without investing about its credibility.
Squid Game Series
In recent months, Netflix has launched a South Korean crime-drama series, Squid Game. This series is based on a local children’s games of South Korea with deadly result.
Squid Game Plot
In this series, a unknow group called some people, who are having huge debt over them, to play simple games and earn billions of money. But the elimination from this game will take their lives.
Squid Game Season 2 Release Date
This show has gathered huge crowd and TRPs. This is the reason that with in the snap of a month the teaser of second season has been released. To en-cash the popularity of it. The Squid Game Season 2 release date will also announce very soon, by Netflix.
Squid Coin Scam
Same has been happened in crypto market in recent months. Some unknow group had made Squid Game token to en-cash its popularity and launched it on 27th October at PancakeSwap platform. On 30th October its price reached to $30 dollar. Then it reached to $2856 on 1st November and after some time it plummeted to zero.
Now, investors are not allowed to sold their purchased Squid currency. They could use it only for playing a game or earn another crypto currency on the website from where they purchased it.
What is Rug Pull?
Almost 43,000 people have become prey to this scam. Such scams are known as “rug pull.” In rug pull, scammers or developers bailed on a digital currency when investors poured lots of money into the asset.
How big is Squid Game Crypto Scam?
As per the report of CiperTrace, a cryptocurrency intelligence firm, till now, $113 million of dollars have been stolen from such scams between January and July, this year.
Whereas, a report of Gizmodo has indicated that developers of Squid coin made off $3.3 million. Over all, as soon as Squid Coin introduced in the crypto market, it dismantled from the market too. PancakeSwap platform has also officially labeled that Squid coin currency is the rug pull.
What is Netflix Opinion over Squid Coin?
While, Netflix has also been cleared to the CNN Business last night that they do not have any relation or affiliation with Squid coin in any way.
The response of developers is about to come, but they are also not involved in this rug pull in any way too.
The conclusion of this scam is that investors should take care of every aspect of a coin before investing in it. It should also take advise from experts and do research on their level. Because, scammers are finding creative ways to con people into crypto investment scams.
Many times, scammers pose like as celebrities and ask customers to send them cryptocurrency. Whereas, few of them are advertising about providing crypto investment tips online, that redirect investors to fraudulent sites.
To reached a fare and scam-free trading in future, one should take care of all precautions before purchasing a crypto coin. For this, you can take advice of our experts, too.