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Squid Game cryptocurrency loses all value in minutes in possible €2.8 million rug pull scam
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euronews.comA Squid Game-themed cryptocurrency plunged in value on Monday in what appears to be a deliberate act, falling from a high of around €2,400 to fractions of a cent in minutes.
The SQUID token, which has no official connection to the hit Netflix drama, was launched last week with promises of an online game and large prize pool.
The project claimed that players who bought the token could take part in a game inspired by the Korean show, in which desperate people risk death in an attempt to win a large cash prize.
However, the promised game never materialised. On Monday, the project's website and social media accounts were deleted as the token crashed in value.
A crypto wallet associated with SQUID's creators appeared to have cashed out almost €3
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