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The 2021 Squid Game cryptocurrency scam was a significant fraudulent event that took place in the world of cryptocurrency. [ 1] Inspired by the popular South Korean Netflix series Squid Game, this cryptocurrency, known as Squid Coin, [ 2] promised investors an opportunity to play and earn.
The scammers may have made off with as much as $3.38 million. There were multiple signs that the cryptocurrency was a scam from the start — people merely missed or ignored them, perhaps due to ...
The cryptocurrency was based on the hit Netflix series Squid Game and received a slew of mainstream press coverage as a result.Alas, early this morning, as the crypto peaked at more than $2,800 ...
The Squid Game crypto SQUID has completely crashed as it was revealed it was an apparent scam, following a 33,600% surge last week, which had raised several red flags and had triggered a warning ...
In November 2021, Coinmarketcap was cited by Vice, The New York Times and some other media for warning users of the "Squid" coin fraud scheme, which falsely claimed to be affiliated with the Squid Game TV show. [1] [7] [8] [9] The website is also a source for crypto exchanges rankings. [10]
According to the latest available data from the FTC, more than 46,000 people in the U.S. reported losing an accumulative $1 billion to crypto scams between January 2021 and June 2022. In 2021 ...
The world of crypto continues to draw scam artists and fraud. People have reported losing a combined total of over $1 billion due to crypto scams since the beginning of 2021, according to an FTC ...
In December 2022, Stephen Findeisen, better known as Coffeezilla, a YouTuber who exposes cryptocurrency scams, [11] ran a three-part docuseries on his YouTube channel about how the game was not functional despite the fact that millions of dollars of funding had been raised from investors. [12]