The SQUID cryptocurrency grew nearly 2,400% over a 24-hour period just last week. It saw a peak at $2,861 at around 5:35 a.m. on Monday right before it fell straight to $0, CoinMarketCap shows. Gizmondo shared the “rug pull” style theft—which a lot of people on the internet believe happened—means the crypto-creators cashed out for actual money.
Still, the not-affiliated-with-Netflix coin which came out one week ago and its SquidGame.cash website no longer exists, and neither do its social media accounts, which Twitter was on top of and had already flagged. A big sign that the coin was fake was the fact that those who purchased the currency were saying they were unable to sell it.
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SOURCE: COMPLEX