Squid game cryptocurrency is available for purchase from October 20. Investors are asked to buy pay-to-play tokens for an online game
The value of the squid game went down to zero! No, I'm not talking about the blockbuster Netflix show that has kept the world intoxicated for the past few weeks, but about a fake cryptocurrency inspired by this series. Fraudsters use the show's popularity to create squid game cryptocurrencies to lure people. As people are also huge fans of the show, they have invested in the cryptocurrency and as a result, the fraudsters have been able to earn an estimated ৮ 3.36 million (about Rs 25.3 crore). According to a recent report by CoinMarketCap, the value of the currency has now come to zero after reaching a high of 2.61. Needless to say, investors have no choice but to slap their heads.
He has lost his hard-earned money by investing in cryptocurrencies, such incidents are often heard in the news. However, this is the latest scam related to cryptocurrency, and here hackers have resorted to a completely different ploy to lure the public, which is bound to attract people. In general, when the price of cryptocurrency reaches its highest value, people convert it into cash. But the price of squid game cryptocurrencies skyrocketed to such an extent that it at one time cost more than 310,000 percent more than other cryptocurrencies! Although it was a scam and no money was returned to the investors, all the investors have faced a final collapse.
Squid game cryptocurrency is available for purchase from October 20. Investors were asked to buy pay-to-play tokens for an online game that was inspired by the Korean show Squid Game. Just as the Netflix series has seen a number of debtors play do-or-die versions of children's games to win money, investors think they can easily win huge sums of cash just by investing in this squid game cryptocurrency. But there is a difference on the other side of the silver screen! When people watch a popular show on the Rupoli screen, they expect that what is happening there will actually happen. And the hackers have been able to achieve their goals by exploiting this superstition of the people.
However, the fact that this squid game cryptocurrency was a scam, could be understood only by keeping a little eye open. The first reason is the game's website - SquidGame.cash. This is a three week old website, which is currently inactive. It has noticed a number of grammatical errors and a number of strange spellings, which is enough to identify a scam website. However, investors should have understood this scandal only when they faced problems in selling cryptocurrency. When the value of the fake squid game cryptocurrency reaches its peak, very naturally all investors rush to sell the tokens they have bought. But it turned out that they were not going to be sold in any way. If it really is the real cryptocurrency, why can't it be sold?
So be careful when investing in cryptocurrencies - CoinMarketCap has warned users to be careful. No matter how much a cryptocurrency attracts or entices you, you should never invest money recklessly behind it. Note that this is not the first time that before the squid game, fraudsters tried to embezzle the hard-earned money of the public by using a cryptocurrency called Mando, which was inspired by the Disney + show Mandalorian. Disney then quickly alerted all investors. But to be safe and secure, it is very important to be careful.
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