Home » Markets » 'Squid Game' cryptocurrency developers steal millions in purported 'rug pull' scam
'Squid Game' cryptocurrency developers steal millions in purported 'rug pull' scam
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The developers of a cryptocurrency inspired by the hit Netflix series ‘Squid Game’ have made off with millions in what appears to be a "rug pull" scam after the project has been taken down.
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After launching early last week, the SQUID token skyrocketed to a high of $2,861.80 before plunging to zero at around 5:40 a.m. on Monday. The meme coin's market capitalization hit an estimated $2.2 million, according to CoinMarketCap.