The price of the asset plummeted to almost zero in just a few minutes

​The token creators based on the TV series “Squid Game” are accused of skam

02.11.2021 - 09:20

723

1 min

What's new? According to Gizmodo, users might have faced a major scam. This refers to the Squid token, based on the famous South Korean TV series “Squid Game”.

News source on the Gizmodo website

What is known about a possible scam? In just a few minutes, the token price plummeted from $2850 to $0,005. At the same time, the project's Twitter account and website are currently unavailable. Users believe that the creators made an exit scam and withdrew funds in the amount of $3,38 million. In total, there are more than 41 000 victims of these actions.

As we mentioned just a few days ago, altcoin trading was at a high level and reached $5,8 million per day. At the same time, CoinMarketCap was warning that at some point the Squid holders faced the inability to sell cryptocurrency.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy