Squid Game cryptocurrency collapses in apparent scam
theguardian.comThe value of a cryptocurrency inspired by the popular Netflix series Squid Game collapsed on Monday less than two weeks after investors could start buying tokens.
After jumping more than 310,000% in value as of Sunday night, Squid lost all its value after Twitter flagged the cryptocurrency’s account and temporarily restricted it due to “suspicious activity”.
Right before its collapse, the token’s value had spiked to $2,856. The token’s website and social accounts have disappeared, along with a white paper describing Squid.
The token was made available for purchase on 20 October with the idea that the cryptocurrency would be a pay-to-play token to play an online game, inspired by Squid Games, the hit series in which heavily indebted people play
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