'Squid Game' cryptocurrency scams $2 million

[Starkick]

I will tell you even more - Crypton had already gained a value of 1$! During 2 or 3 years it was about 10-15 cents and in 1 week it has grown so fast. I'm so excited to see what will happen next! Maybe devs have some other stuff in plans that can also positively affect its rate.

[makishart]

I will tell you even more - Crypton had already gained a value of 1$! During 2 or 3 years it was about 10-15 cents and in 1 week it has grown so fast. I'm so excited to see what will happen next! Maybe devs have some other stuff in plans that can also positively affect its rate.

Man, crypton was just another scam coin. It's not worth to buy anymore. https://coinmarketcap.com/currencies/utopia/

Look at marketcap and daily trade volume. It doesn't matter how hard you're shilling for crypton and the result will always be the same. People will be seeing it as garbage coin and that's it. We are talking about squid game token which was a scam token and it has nothing to do with crypton.

Squid token has gone and binance already investigated the scammer to catch him and put the scammer into the jail

https://cryptopotato.com/binance-is-tracking-the-squid-game-scammers-and-will-hand-the-intormation-to-authorities/

https://cointelegraph.com/news/squid-token-up-600-today-despite-debacle-and-binance-investigation

Binance has been moving a good move and i thought that the scammer will be catched by police. this is triggering the price of squid to increase again based on the community's decision.

[uelque]

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff? Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

It is actually 3 Million dollars just to correct based on my research. And to answer your question, when will it end, it won't. As long as there are people willing to invest to shitcoins or easy money coins/short term gain coins it will never stop. I actually been in their telegram (SQUID), and did my research, and for me it's a but sus and I'm right. You can easily tell it just by looking at the team. The team is a computer generated photo of a person that does not exist. So only people who are willing to take the risk will invest on that coin and people who don't do any research. They are easily being fooled by the hype, that's why they are losing money. We can avoid scam if and only if we are doing the best of our research, and that's the only way. Nothing more!!

We are living in a space where people can choose to be anonymous so what do we expect??

[pawanjain]

I read about it somewhere on the internet and got to know that this was a classic rug pull.
I read that the scam was not worth $2 million but actually $11 million which is a pretty huge amount.
Many people watched their portfolio decrease to zero in front of their eyes because they were not able to sell this token.
Seems like many people would have felt what Wojak feels in their videos.

This is exactly why I keep advising everyone to stay away from meme coins and shit coins.
Stay invested but only in coins which have a good potential.

[LogitechMouse]

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff? Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

It fell almost to 0 and it will remain as it is for the rest of that project's life .
Or it already is an abandoned project right now because..... we already seen the winner on the "game".

Well, people have this nature that they will risk for the sake of profit. Even though they know that it already is a scam, people will try and risk their money because they believe that they will get profit. Investing into meme coins and new coins in general is a hit or miss. Whether you will lose all or take profits depending on your investment.

Investors will always look for new projects because that's where the huge profit lies (at least for them).

[zasad@]

Scam live.
https://t.me/KartavKanaLL/8908
YYAAAAAAAAA..

To be honest, it never ends.
Everyone wants to get rich quick and buy various scam tokens.
But most of all, I do not understand that experienced traders invest in such projects in order to make quick money, but not everyone can win.

[danherbias07]

Dragged by the hype. Not everyone has the right knowledge about investing in cryptocurrencies and even if they do the trend could pull them in believing it could be a good investment. Shit happens. Being in this forum for a long time will make you learn that lesson. I have been dragged by the same hype of one ICO before and I bought the trap.
Let that be a lesson for whoever was invested in it. I just hope they don't blame cryptocurrencies as a scam because that's just a foolish claim.

[nekorakoeora]

This squid coin is completely adapted from the story of the film's title. Many people who instantly lose money lose all their investments because of this coin. Again this happens because many are carried away and without deep knowledge. Not only squid coins, other meme coins also have the same characteristics, profitable quickly but also dropping deeper.

[nimogsm]

This squid coin is completely adapted from the story of the film's title. Many people who instantly lose money lose all their investments because of this coin. Again this happens because many are carried away and without deep knowledge. Not only squid coins, other meme coins also have the same characteristics, profitable quickly but also dropping deeper.

I am sure that it was the developers who earned the most. Many people think that you can make money on such a HYIP and the glory of Shiba haunts many.But in the crypto,you should always take into account all the risks, but people come for quick money and forget about it.

[Doell]

----

For some reason, I think this is the right assumption since this project spend there marketing heavily on social media to target crypto newbie to be attracted on there coin that's name after the famous Netflix hit series. Many people speculate too much and some is not even realistic just to have a reason to buy this too good to be true hype token.

There's a lot of coin like this and the best example was all the baby tokens such as baby doge, baby matic and baby cake. And other Project that using the name of other famous coin just to caught the attention of investors and get that same hype.

yes it is using famous last names like doge or shiba etc should have to be wary because we don't know other facts ,novice investors will flock to invite others and then boom is done ! if there a new coin ,it should be sought first to do in-depth research or ask the community so that we can work together because we are also connected to each other in this forum as friends and even crypto families

[dothebeats]

I watched it live on one streamer, and it's beautiful seeing the candle from green to red in a flash of a second. A lot of warnings have been posted everywhere about this coin that has no affiliation whatsoever from the creators of the popular Netflix show. A lot of red flags have also appeared on the announcement of the said coin yet people still decided that it's a good buy and that they should join in on the craze. Little do they know that the creators are already planning something nefarious, and all suspicions were confirmed when the coin instantly drop to almost nothing.

People ride the hype so much that doing research is already neglected. They always feel like they will miss out on the opportunity, when in reality they will lose even more since they haven't really exercised due diligence at all.

[Ararbermas]

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff? Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

nowadays mate people can easily create their own copy paste project without authorization from the real creator/owner especially here in crypto space, and fyi it's very common actually when it comes scamming or making hypes in the market. So it's not surprising they pick the SQUIDGAME name as well as it's very popular movie around the internet wherein its a big help for them in order to to obtain attention.. See the results for sure they made millions from it.  

[letyouearn]

Relax and enjoy watching this memecoin frenzy 
This is similar to spinning fishing. I don't think it's possible to win here in the longrun, but it's fun if you play with small sums.

[Pelana vreo]

Surprisingly everyone who has no experience in crypto will fall into this scam, because they only think of quick profits without paying attention to every detail of the warning, when the SQUID token price is above $5, I saw coinmarketcap issue a warning that the token cannot be sold, but some people still buy because they want to make a profit by taking advantage of the Hype

[Similificator]

That squidgame coin was really popular here in my place even back then when it is still about to be launched because of the fame that the Netflix series; squidgame has here in my place. Even the oldies know of these series which is pretty rare if you ask me. Even though it was tempting, being in this industry for a long time already, I knew better than to risk my hard earned money to some shady coin without that much info. I was thinking that if it succeeded, good for the investors and if not, good for me coz I didn't fomo blindly into the trend. And when it crashed I felt bad for the investors and some relief that I stuck with my decision from experience. I just wish that from now on, people would know better than to invest on some shady coins.

[Sethrey]

I will tell you even more - Crypton had already gained a value of 1$! During 2 or 3 years it was about 10-15 cents and in 1 week it has grown so fast. I'm so excited to see what will happen next! Maybe devs have some other stuff in plans that can also positively affect its rate.

Hmm, I don't know what about some extra staff, but I saw the news that Utopia p2p sponsored the Blockchain Economy Expo. This is the First Blockchain Exhibition in the "World Expo" history. The WORLD EXPO is being held for 170 years and for the 1st time, blockchain will be introduced to the world at the same level as countries, international organizations and other traditional businesses. It seems to me that after this, the level of Crypton will soar many times, and maybe dozens of times.

[isaac_clarke22]

~

I heard and read this news a lot of times actually even in my own Facebook newsfeed. People are into trends actually and we can never ever blame. It is almost like there is a thin line between crypto trends and these series trends. Quite surprised that some previous trending Netflix series did not have any coin related to it at all.
Can't say more for what you said about Shiba Inu.

[Blowon]

The community that usually makes hot news that makes ordinary people start buying squid games. Similar to a ponzi scheme, but Squid games are blockchain-based tokens. Actually Ponzi has been a trend in 2017, but repeated again this year in the BSC network. There are so many similar squid games just eating talk about "Getting rich quick" so buy for all the assets we have and end up regretful.

[bittkoiner]

Well It's not a token anymore, its fully tradeable? Or can someone chime in on what's the setup is atm?
Cheers!

https://se.tradingview.com/chart/Ymf2RycC/

[Tigerheart3026]

is poloniex exchange promoting scam project?

november 8, i was very surprised to see poloniex exchange tweet about listing squid game token (squid/usdt) pair. as a trusted exchange how they will go with scam/rug pulled project without research.