Home Entertainment Squid game cryptocurrency scammers make off with $3.3 million

Squid game cryptocurrency scammers make off with $3.3 million

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The anonymous hucksters behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $3.38 million.

The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap.

This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange.

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The SQUID crypto coin was launched just last week and included plenty of red flags, including a three-week old website filled with bizarre spelling and grammatical errors.

The website, hosted at SquidGame.cash, has disappeared, along with every other social media presence set up by the scammers.

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