'Squid Game' cryptocurrency scams $2 million

[Sethrey]

I had a lot of squad game coins.The price was about $800 may be.But suddenly I did not understand what happened.  Now the price has come down to 50$.I am very dissipointed. I was also investing in Squad Game Tokens.But later found out that Squad Game scammed $2 million.Day by day the coins are just scams. Because of this investors lose faith and reduce their investment amount.  We don't know when we will get rid of this scam.

Then why do you jump into this scam? Isn't it better investing in some well-known projects? Or projects like Utopia p2p and their Crypton $CRP coin that is only developing with time? Want something new to play - pick such projects, there's a minimum chance of losing everything if it's developing day after day. Moreover, it's price is rising rapidly, while the whole market is falling.

[1715657539]

1715657539

[JayTrain]

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?

unfortunately, there are quite a lot of such cases in cryptocurrency, and with that, scammers like to create "scam projects" on the hype and many losing their heads carry huge sums simply because of the name

[blockman]

Then why do you jump into this scam? Isn't it better investing in some well-known projects?

He may not be aware that this is a scam token. Investors that seems to play ignorant with what they buy are likely the ones that will lose their money to projects like this.
Being not aware of what the project is all about is like wasting and throwing your money into air and you're not expecting it to be back. Whilst these scammers are enjoying the money of their victims. No one should support and invest into scam projects because you're just feeding these scammers with your money.

[virasisog]

Then why do you jump into this scam? Isn't it better to invest in some well-known projects?

He may not be aware that this is a scam token. Investors that seem to play ignorant with what they buy are likely the ones that will lose their money to projects like this.
Being not aware of what the project is all about is like wasting and throwing your money into the air and you're not expecting it to be back. Whilst these scammers are enjoying the money of their victims. No one should support and invest in scam projects because you're just feeding these scammers with your money.

Scammers usually have ignorant investors as their target. Even long-time investors have fallen into their trap because some of them put their false hope on this meme coin. Squid game token has been hyped and scammers have taken advantage of it. That's why even famous and well-known projects are risky. It's still important to check on the potential of the coin as well as the tram behind it first.

[Oilacris]

Then why do you jump into this scam? Isn't it better to invest in some well-known projects?

He may not be aware that this is a scam token. Investors that seem to play ignorant with what they buy are likely the ones that will lose their money to projects like this.
Being not aware of what the project is all about is like wasting and throwing your money into the air and you're not expecting it to be back. Whilst these scammers are enjoying the money of their victims. No one should support and invest in scam projects because you're just feeding these scammers with your money.

Scammers usually have ignorant investors as their target. Even long-time investors have fallen into their trap because some of them put their false hope on this meme coin. Squid game token has been hyped and scammers have taken advantage of it. That's why even famous and well-known projects are risky. It's still important to check on the potential of the coin as well as the tram behind it first.

Newbie investors wouldnt really learn their lesson until they would be experiencing it for themselves and this thing would continue since scammers are just waiting for the right time for them to get in.

Whenever there's a hype or trend then they would really make use of it on scamming out those fool investors who do believe that a certain coin or project will really pump out its price.

Well, there are risk takers or who do gamble out their funds on something like this and able to make money somehow on some selected projects but most of the time it is really just
built up for some hype and then die all the way later on which would result into losing funds.

[capedbaldy]

Newbie investors wouldnt really learn their lesson until they would be experiencing it for themselves and this thing would continue since scammers are just waiting for the right time for them to get in.

Whenever there's a hype or trend then they would really make use of it on scamming out those fool investors who do believe that a certain coin or project will really pump out its price.

Well, there are risk takers or who do gamble out their funds on something like this and able to make money somehow on some selected projects but most of the time it is really just
built up for some hype and then die all the way later on which would result into losing funds.

You are right, I warned my friend to avoid investing in new projects and hype coins because I did some research and found indications of scam projects, but he didn't care because he wanted high returns on his expected investment, he ended up suffering losses and there was no hope for price recovery and his worst experiences from investing in new projects.

[blockman]

Then why do you jump into this scam? Isn't it better to invest in some well-known projects?

He may not be aware that this is a scam token. Investors that seem to play ignorant with what they buy are likely the ones that will lose their money to projects like this.
Being not aware of what the project is all about is like wasting and throwing your money into the air and you're not expecting it to be back. Whilst these scammers are enjoying the money of their victims. No one should support and invest in scam projects because you're just feeding these scammers with your money.

Scammers usually have ignorant investors as their target. Even long-time investors have fallen into their trap because some of them put their false hope on this meme coin. Squid game token has been hyped and scammers have taken advantage of it. That's why even famous and well-known projects are risky. It's still important to check on the potential of the coin as well as the tram behind it first.

Yes, they know who to target and that's why they keep on doing projects like this. Although on this squid game token, this has already been exposed. At the same time, we don't really understand that where these people were when most articles have been published telling that this project is a scam. They should stop investing on it no matter what it promises because those are empty promises and the hype that they're believing on it will be gone, typical pump and dump and scam projects.

[SlimShadyMmp]

I literally dont know why people gets so attached to those meme coin and pump their money so quickly I mean what basically might happen is you get screwed if you dont get out quickly and you lose lots of money My suggestion is try it out with small money you dont mind losing and maybe you make 10x out of it and lose it That way you are much more careful

[Starkick]

Then why do you jump into this scam? Isn't it better investing in some well-known projects?

He may not be aware that this is a scam token. Investors that seems to play ignorant with what they buy are likely the ones that will lose their money to projects like this.
Being not aware of what the project is all about is like wasting and throwing your money into air and you're not expecting it to be back. Whilst these scammers are enjoying the money of their victims. No one should support and invest into scam projects because you're just feeding these scammers with your money.

Yes, but in the case of new and sharply popular coins, I think it has become very important to first verify their reliability, and not run on the lead of the crowd. Scammers have no conscience - their goal is profit.

[Sethrey]

Scammers usually have ignorant investors as their target. Even long-time investors have fallen into their trap because some of them put their false hope on this meme coin. Squid game token has been hyped and scammers have taken advantage of it. That's why even famous and well-known projects are risky. It's still important to check on the potential of the coin as well as the tram behind it first.

Okay, how is it possible to check the potential of the coin and get sure that it will bring a good income to you? Even Bitcoin loses so much for not the first time that it's impossible to predict what will happen and when. So how can anyone be sure in smaller altcoins?

[kapalmabur]

one of the memecoins that really makes investors like gambling, moreover this token has also been listed on GateIo,
of course this really confused me, even though there are no project developers and no roadmap, and the whitepapaer is not clear,
this is project Rugpull! , it's a shame they support Squid tokens on their exchange

[hashrateproducts]

one of the memecoins that really makes investors like gambling, moreover this token has also been listed on GateIo,
of course this really confused me, even though there are no project developers and no roadmap, and the whitepapaer is not clear,
this is project Rugpull! , it's a shame they support Squid tokens on their exchange

Squid game tokens is a big scam projects that have extorted money from most people and also teaching them a very big lesson in fraud. The time the movie got launch on Netflix, before I knew it, thousands of people came to watch and anticipate in all parts of the movie episodes. Some gigantic Whales interested in the project dominated and invested heavily in the projects. People were hoping to see like $1k to $30k in their various wallets but were shock by the motive which projects triggered on.

[btc78]

one of the memecoins that really makes investors like gambling, moreover this token has also been listed on GateIo,

lol it has been years after this scam accusation yet you are talking as if this is a fresh case? 

Gate.io isnt a good place to trust when listed so lets see what would be the next plan for this.

of course this really confused me, even though there are no project developers and no roadmap, and the whitepapaer is not clear,
this is project Rugpull! , it's a shame they support Squid tokens on their exchange

well Squid token is a complete scam and there is no one to be blamed here but your confusion will make you decide wrongly.

[|MINER|]

~snip~

I also saw this coin many times on that time but I don't know why at first I thought it will be a scam token. Even then Many promotions of it came before me still I didn't invest. Because I think mainly these new token or trending alt-coins are not reliable. Many people went to invest with the desire to earn more profit in a short period of time and they are the victims of scams. I would like to suggest to all who come to NEXT to invest carefully in any coin like this.

[Starkick]

Scammers usually have ignorant investors as their target. Even long-time investors have fallen into their trap because some of them put their false hope on this meme coin. Squid game token has been hyped and scammers have taken advantage of it. That's why even famous and well-known projects are risky. It's still important to check on the potential of the coin as well as the tram behind it first.

Okay, how is it possible to check the potential of the coin and get sure that it will bring a good income to you? Even Bitcoin loses so much for not the first time that it's impossible to predict what will happen and when. So how can anyone be sure in smaller altcoins?

Yes, of course you're right. And if the fall is definitely temporary for bitcoin, then for other projects it may turn out to be a fatal collapse. That's why I'm getting more and more interested in organically growing projects.

[rojan]

one of the memecoins that really makes investors like gambling, moreover this token has also been listed on GateIo,
of course this really confused me, even though there are no project developers and no roadmap, and the whitepapaer is not clear,
this is project Rugpull! , it's a shame they support Squid tokens on their exchange

The ones you mentioned here are not mentioned in the roadmap.  I think that if we invest in any token, we will know all about the project. After that we will invest. Otherwise, we will face many problems.  So we have to be careful all the time.  And everything has to be looked at.  There are some projects that people cheat with.  We should stay away from them.

[nutildah]

Okay, how is it possible to check the potential of the coin and get sure that it will bring a good income to you? Even Bitcoin loses so much for not the first time that it's impossible to predict what will happen and when. So how can anyone be sure in smaller altcoins?

Yes, of course you're right. And if the fall is definitely temporary for bitcoin, then for other projects it may turn out to be a fatal collapse. That's why I'm getting more and more interested in organically growing projects.

Just FYI, its quite obvious you've been talking to yourself this whole time. Both Starkick and Sethrey are your accounts. What are you hoping to accomplish exactly? Almost nobody reads this forum except for shitposters-for-cash, and they could care less about whatever it is you think you're advertising. I suspect you've also somehow convinced somebody to give you a few sheckels for promoting whatever pump-of-the-day is available, though in a more roundabout way? Genuinely curious.

Thanks for your clarification.

[Dragonfund]

one of the memecoins that really makes investors like gambling, moreover this token has also been listed on GateIo,
of course this really confused me, even though there are no project developers and no roadmap, and the whitepapaer is not clear,
this is project Rugpull! , it's a shame they support Squid tokens on their exchange

Squid game tokens is a big scam projects that have extorted money from most people and also teaching them a very big lesson in fraud. The time the movie got launch on Netflix, before I knew it, thousands of people came to watch and anticipate in all parts of the movie episodes. Some gigantic Whales interested in the project dominated and invested heavily in the projects. People were hoping to see like $1k to $30k in their various wallets but were shock by the motive which projects triggered on.

The same Netflix whose shares have fallen like another shitcoin is doing a documentary about another meme scam project. There are plenty of scams that have happened in the period of the last bull run, Luna is not excluded from the listed after the foundation allow UST to fall, the meme coins to me are all shit projects including doge and Shiba but you know, people will choose shitty stuff over good projects and when they lose all their savings for wrong moves, they blame the entire system for the own mistake. The best way to avoid these problems is to buy good projects and avoid shit projects.

[Sethrey]

It is normal for cryptocurrency prices to go up or down. This we know and accept this matter. squid game was a different think like luna . And these two projects have destroyed millions of people . I also invested in squid game token but I managed to sell it at the right time so I saved from big loss.

Good for you! I never say to fully avoid such projects, but they're so short-term that you should know the right moment to hop-out. As it's possible to earn on it, but better to choose something more reliable and checked with time, of course.

[iamverybusyperson]

It is normal for cryptocurrency prices to go up or down. This we know and accept this matter. squid game was a different think like luna . And these two projects have destroyed millions of people . I also invested in squid game token but I managed to sell it at the right time so I saved from big loss.

Good for you! I never say to fully avoid such projects, but they're so short-term that you should know the right moment to hop-out. As it's possible to earn on it, but better to choose something more reliable and checked with time, of course.

Hmm, all those users who hope to get rich quickly at the expense of hype coins are fools. Faster than they become popular, these coins are only falling.