Squid Game creators steal $2.1 million cryptocurrency

There was a somewhat bleak Squid Game cryptocurrency for a short time, but the guys behind the project shut down and ran off with the money.

Guys, things are getting very out of hand with all those different cryptocurrencies. The hype includes the ‘biggest’ currency, Bitcoin, but alternatives are getting crazier. The Dogecoin or now Shiba coin, but also the Tiger King Coin, for example, which you should not confuse with Tiger Coin because there is also one. A touch of ‘you must have this’ and respond to a relevant theme and one can get another crypto coin out of it.

Squid Game cryptocurrency

And so we come back to everyone’s favorite super-popular Netflix show: Squid Game. Because that’s hype and it’s starting to become a kind of internet rule: if there’s hype, then cryptocurrency comes from it. The crypto coin Squid Game was pointed out by many media last Friday as something new, but people also immediately questioned it. Gizmodo already called it a scam that Friday. The fact that you could bet your money on it but get nothing back was hint number one. Still, that warning was well hidden.

2.1 million

Because apparently enough people thought it was worth taking advantage of this hype that the Squid Game cryptocurrency sold nicely this weekend. At its peak, the SQUID coin stood at 1 = $2,861. After that, the price fell like a brick to 0 dollars and the cryptocoin was lifted. Because everything is nice and anonymous, the makers (or maker, you don’t even know that) have made off with the loot of 2.1 million dollars. ah.

shadowy

Well, now most cryptocurrencies are real, but see the Squid Game crypto as a warning. The rather shadowy website and the social media around it was according to Gizmodo full of red flags. Bottom line, everyone should have looked a little further than their noses and seen that SQUID is not set up to conquer the crypto market.

So it’s not all good news in the large emerging market surrounding ‘hype crypto’. A warned person counts for two.