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Scam Alert: Scammers Use Top Netflix Show ‘Squid Game’ to Perform Crypto Rugpull
In a shocking turn of events, scammers have used the popular Netflix show “Squid Game” to pull off a massive crypto rugpull. The project, which gained immense popularity and attention in just one week, peaked at an astonishing $2,856 per unit.
Unfortunately, the developer team behind this project remained anonymous, with their official website and social media channels riddled with grammatical errors. To make matters worse, they completely avoided any meaningful communication with the crypto community.
On November 1, 2021, the developer team performed a rugpull of epic proportions by withdrawing over $3 million in investor funds. This drastic move brought the token’s price crashing down to nearly zero. Following this event, the website and social media accounts associated with the project were deleted, leaving investors and holders with massive financial losses and no hope of recovering their funds.
It is essential for cryptocurrency enthusiasts and traders to be vigilant and cautious when investing in new projects, especially those that gain popularity overnight. The story of this Netflix-inspired scam serves as a harsh reminder that greed and lack of due diligence can lead to catastrophic consequences.
As the crypto space continues to grow and evolve, it’s crucial that we prioritize transparency, security, and responsible investment practices.
Source: u.today
