A surging cryptocurrency called $SQUID that played off 'Squid Game' fame piqued investors interest—and seemed to be showing incredible returns. Until investors tried to realize those gains and sell. crypto
first tipped off to the new, rising cryptocurrency thanks to a reply guy. The tweet was nestled under
The coin was called Squid Game, based on—but not affiliated with—the runaway Netflix series of the same name. “The coin harnessed the zeitgeist for the Netflix seriesby apparently offering obsessed gamers access to a play-to-earn game,” says Katherine Wooler, managing director at UK crypto wealth platform Dacxi. The project’s, published on its now-defunct website, promised big things for investors—but sounded awfully like a Ponzi scheme.
Hartford wasn’t a rookie, so he looked at BscScan, which registers all transactions on the Binance platform, before investing. There were some comments from people warning the Squid Game coin could be a scam: Coming from nowhere, it seemed too good to be true, and it was likely to infringe on trademarks and so could end up coming to nothing. But Hartford ignored them. “I wanted to get in as soon as possible,” he says.
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