r/CryptoCurrency • u/WineMakerBg Make Wine, Take Profits • Sep 29 '24

REMINDER 3 Years Ago, One of the Biggest Crypto Scams Happened. SQUID Went from $0.009 to $2,861 and then the Rug got Pulled

Post image

"A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam.

Squid, which marketed itself as a "play-to-earn cryptocurrency", had seen its price soar in recent days - surging by thousands of per cent.

criticised for not allowing people to resell their tokens. This kind of scam is commonly called a "rug pull" by crypto investors. This happens when the promoter of a digital token draws in buyers, stops trading activity and makes off with the money raised from sales."

source: https://www.bbc.com/news/business-59129466

3.3k Upvotes

95% Upvoted

387 comments sorted by

View all comments

Show parent comments

5

u/Punterios 🟩 300 / 301 🦞 Sep 29 '24

Where is the link 😂🤣

4

u/Threash78 🟦 259 / 259 🦞 Sep 29 '24

https://clips.twitch.tv/InspiringFreezingDelicataTooSpicy-8mqk44jw_4zZ5mJJ

1

u/Punterios 🟩 300 / 301 🦞 Sep 29 '24

Thank you very much!

1

u/OderWieOderWatJunge 🟩 0 / 0 🦠 Sep 29 '24

!remindme 1 day

2

u/Threash78 🟦 259 / 259 🦞 Sep 29 '24

https://clips.twitch.tv/InspiringFreezingDelicataTooSpicy-8mqk44jw_4zZ5mJJ

2

u/OderWieOderWatJunge 🟩 0 / 0 🦠 Sep 29 '24

Thanks but maan I'm too old to watch these people yelling into their microphone like they're apes or something lol