‘Squid Game’ Crypto Tanks , After Scammers Steal Millions From Investors.<br />Recently, a digital currency called SQUID was created based off Netflix's popular dystopian drama, 'Squid Game.' .<br />Recently, a digital currency called SQUID was created based off Netflix's popular dystopian drama, 'Squid Game.' .<br />It was being touted as a token that could be used for <br />a new online game inspired by the series.<br />It was being touted as a token that could be used for <br />a new online game inspired by the series.<br />It was being touted as a token that could be used for <br />a new online game inspired by the series.<br />According to CoinMarketCap, the cryptocurrency surged to $2,861 before plummeting to $0 on Nov. 1.<br />SQUID's creators pulled off <br />a scam known as a "rug pull,".<br />which means they cashed out all of their coins for <br />real money, causing the crypto's value to crash.<br />But before doing so, they stole an estimated $2.1 million from investors.<br />Prior to the rug pull, Gizmodo and CoinMarketCap warned investors that SQUID was likely a scam due to multiple red flags.<br />Prior to the rug pull, Gizmodo and CoinMarketCap warned investors that SQUID was likely a scam due to multiple red flags.<br />For instance, investors could only buy, not sell, SQUID, and the website was filled with spelling errors
