NEW YORK, Nov 3 ― An unsanctioned Squid Game cryptocurrency that played off the hit Netflix series made big losers out of people who bought in only to see the value plummet yesterday. The digital asset launched on October 21 using imagery from the Squid Game series without the permission of...
cryptocurrency that played off the hit Netflix series made big losers out of people who bought in only to see the value plummet yesterday.series without the permission of Netflix.
The value of the cryptocurrency called SQUID quickly climbed from pennies at launch to US$2,856 on Monday, according to specialty site CoinMarketCap. The massive withdrawal caused SQUID to become virtually worthless, bearing the signs of a scam nicknamed the “rug pull” in reference to a carpet being yanked from under investors' feet.
“This project, while clearly inspired by the Netflix show of the same name, is NOT affiliated with the official IP.”
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