Squid crypto

The cryptocurrency that is based on the popular South Korean series Squid Game (SQUID) has collapsed in price. The developers appear to have created a scam, cashing in on more than $3 million. Squidgame crypto Squid Game was by far the most popular show on Netflix last year, with over 150 million households having watched it — nearly twice that of the number two show, Bridgerton. Only 28 days after Squid Game’s release, it became the most-watched item in Netflix’s history while #SquidGame gained more than 23 billion views on TikTok. Simply put, the world loved it. So much so, that when a new cryptocurrency called ‘Squid Game Coin’ (abbreviated SQUID) promised a play-to-earn game based on the show, investors were more than eager to have a piece of the pie.

Digital currency scams have been at the center of many of this year's biggest financial losses. The Federal Trade Commission said scammers are finding creative ways to con people into fraudulent crypto investments. One such scheme offers crypto investment "tips" online then redirects consumers to fraudulent sites. In another, scammers pose as celebrities, such as billionaire Elon Musk, to trick consumers into sending them cryptocurrency, promising them the celebrity will contribute to their investment.  • Go Through Their Official Website This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.

The "Squid Game" crypto started its pre-sale last Oct. 20 as a token for a game of its namesake. However, the white paper of the said crypto claimed that it "sold out in 1 second." Squid Game helps Netflix subscriptions pick up BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.

3000+ Slots, 20+ Cryptos, 75K Raffle, Sports Promos - World's largest Crypto Casino & Sportsbook - Provably Fair! Creatives : Abhishek M   The growing risk of financial fraud and money laundering in the cryptocurrency market has already gained attention from regulators around the world. In Hong Kong, the financial regulators including The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) are reviewing regulations that govern cryptocurrency transactions as there has been increasing adoption of virtual assets in mainstream finance5.