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Netflix of the hit drama “Cryptocurrency Price Inspired by the Squid Game” plummeted on November 1. News site Gizmodo reported that the scammers behind the project had stolen about $2.1 million.
According to CoinMarketCap data, the price of a cryptocurrency called Squid Game Token, released on October 20, temporarily exceeded $2,861, but fell in 15 minutes on the morning of November 1 (US time). About $6 billion in market cap was lost.
Token developer Squid Game has announced that this currency will be available for use in the Squid video game tournament scheduled for November. However, a move in the wallet caused the project to abruptly halt, using a protocol called Tornado Cash to hide transaction history, and a monetized Binance Coin worth around $2.5 million crashed.
イカ ゲーム 仮想 通貨 イカ ゲーム コイン
The token website and social media accounts are no longer available. When I log in to SquidGameBSC due to my Twitter account, I get a message saying “Note: This account is temporarily restricted.”
Although the price of the Squid Game token has soared since last week, CoinMarketCap warned on October 29th after some users reported that their tokens were not available for trading on the exchange.
“It is clear that this token was inspired by a Netflix show, but it will not be official. If you are trading, you have to be diligent and be careful,” wrote CoinMarketCap. The Squid Game token surged 310,000% despite little information about the project or founder.
The cryptocurrency website has stated that an online game based on the squid game will start in November, but some users plan to explain the project’s technical documentation (token specifications, etc.).
I noticed grammar and spelling errors in the book. Also, social networks do not have a profile of the founder. The token pre-sale took place in early October and was “sold out immediately” according to official documentation.
The market capitalization of the entire cryptocurrency market reached $2.6 trillion as of November 1. The cryptocurrency’s market cap has increased sixfold over the past year, driven by an influx of institutional investors and fears of inflation.
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