A new one has been added to the cryptocurrency scam. A token was created inspired by the popular TV series Squid Game. Tens of thousands of users have invested in the project, which has no official ties to the series.
While the project was introduced as "Play to earn Tokens", it was said that squid game games would be played on the website to earn money. The Squid token, which was just a few cents last week, rose rapidly to $50, then to $3,000. However, this rise did not last long. The price again fell below 1 cent at the same rate. The website and social media accounts of the project were closed.
The token, whose backing is unknown, was suddenly reset, causing disappointment to its investor. Users money evaporated within minutes. Fraud warnings have been made for Squid Token before. The biggest reason was that the Token was not sellable. In other words, those who bought this token could not withdraw their money. It is stated that the emphasis on the project is 3.3 million dollars.