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The 2021 Squid Game cryptocurrency scam was a significant fraudulent event that took place in the world of cryptocurrency. [1] Inspired by the popular South Korean Netflix series Squid Game , this cryptocurrency, known as Squid Coin, [ 2 ] promised investors an opportunity to play and earn.
The cryptocurrency was based on the hit Netflix series Squid Game and received a slew of mainstream press coverage as a result.Alas, early this morning, as the crypto peaked at more than $2,800 ...
A new crypto scam called "rug pulling" accounts for over 30% of the scam revenue in 2021, according to a new report.
The Squid Game crypto SQUID has completely crashed as it was revealed it was an apparent scam, following a 33,600% surge last week, which had raised several red flags and had triggered a warning ...
Exit scam. An exit scam is a confidence trick, con job or fraud, perpetuated under the guise of a legitimate business, that ends when the originator absconds with the funds contributed by participants. [1] When a business entity rug-pulls and stops shipping orders while receiving payment for new orders, it could take some time before it is ...
SafeMoon LLC was a cryptocurrency and blockchain company created in March 2021. [2] The company created the SafeMoon token (SFM) which traded on the BNB Chain blockchain. [3] [4] [5] The token charged a 10% fee on transactions, with 5% redistributed (or reflected) to token holders and 5% directed to wallets in a different currency, Binance Coin (BNB), controlled by the coin's authors.
It was horrifying,” explained the wife, who now using an online pseudonym "The Rug Doctor," runs RugDocs as its founder and CEO. The firm rates crypto projects, warning when new ones might scam ...
Non-fungible token. A non-fungible token ( NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. [ 1] The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.