Friday Squid Blogging: Squid Game Cryptocurrency Was a Scam
The Squid Game cryptocurrency was a complete scam : The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange. I don’t know why anyone would trust an investment — any investment — that you could buy but not sell. Wired story. As usual, you can also use this squid post to talk about the [...]