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Scam warning! Squid Game Token (2021.11.02) by xplosive

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scam · @xplosive ·
$3.53
Scam warning! Squid Game Token (2021.11.02)
I noticed Squid Game token 2 days ago from [this post](https://ecency.com/hive-167922/@rsntpl/squid-game-token-not-joke--on-netflix-movie) by @rsntpl.

According to CoinMarketCap, this token was worth $36.38 USD yesterday, but they already wrote the following red warning:

> We have received multiple reports that users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show of the same name, is not affiliated with the official IP.

Today the token went down to $0.003385 USD, losing 99.99% of its value. And there is another red warning on CoinMarketCap:

> We have received multiple reports that the website and socials are no longer functional & the users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show of the same name, is not affiliated with the official IP.

Seeing all of this, we can clearly say that the Squid Game Token is a scam.

And things like this are hurting not just/only the people, who buy these coins, but unfortunately the whole cryptocurrency industry too. Mainly its reputation.

So sad to see something like this.

![img_0.1486163622779753.jpg](https://images.ecency.com/DQmR8bPcGYkzStyszmr6TrV5SA7rWs3CeAP1HUj4q1Zb9Ws/img_0.1486163622779753.jpg)
*Original image from [https://pbs.twimg.com](https://pbs.twimg.com/profile_images/1452028649729896453/YMkF_1Hm_400x400.jpg), edited with Snapseed*.

![img_0.9930338380455187.jpg](https://images.ecency.com/DQmYeLvJNbRQ1ouAj7vByMm57YiYrGHvGi6AjSrGzDxXQze/img_0.9930338380455187.jpg)

![img_0.928535792558425.jpg](https://images.ecency.com/DQmeYcGvR6q96CEeF89K7X4Z14sHY1fhyfyidspKmqm5FEa/img_0.928535792558425.jpg)
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 22 others
๐Ÿ‘Ž  
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vote details (87)
@crownbee · 
People now have the guts to scam their fellow guys๐Ÿ’”
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@xplosive · 
Unfortunately this is not a new thing. Various online scams are going on probably since the beginning of the wider availablity of the internet.
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@forthefree19 · 
If you fell for this you donโ€™t deserve to have money
properties (22)
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@crownbee · 
Haha๐Ÿ˜‚๐Ÿคฃ๐Ÿคฃ
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@xplosive · 
I did not. But unfortunately many people did.
properties (22)
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@phusionphil ·
$0.02
Lol "buyer beware" has little meaning in this world
๐Ÿ‘  ,
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vote details (2)
@xplosive · 
Yes. Squid Game went up to $0.0781 USD (+361.15% in the last 24 hours). Looks like many people have a lot of money to throw out of the window.

![img_0.1152185073100208.jpg](https://images.ecency.com/DQmcrSL9SVyhUBn5MEhLYrzr2A1B1JYK9g71g25LQai5NWC/img_0.1152185073100208.jpg)
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@trincowski ·
$0.02
This was a clear Ponzi Scheme... and it's a Fork from another Ponzi (OHM). This one will probably have the same fate, when people realize how scammy it is. ๐Ÿคญ
๐Ÿ‘  ,
properties (23)
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vote details (2)
@xplosive · 
What is OHM? I found only Olympus (OHM), but that does not look like a scam. But the Squid Game Token (SQUID) clearly is. And according to [this tweet](https://mobile.twitter.com/__tricck/status/1455083308702834690), "the developers just ran off with millions".
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@trincowski ·
$0.32
I'm sorry to inform you that Olympus DAO (OHM) is also a Ponzi Scheme.

![screenshot_20211101_154419_twitter.png](https://images.ecency.com/DQmf3sTRwtok5DUU9RKHxwKsPpmVBSkdun8APPtnVNhNTiS/screenshot_20211101_154419_twitter.png)
๐Ÿ‘  
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vote details (1)
@zeusfrench01 ·
$0.02
People shouldnโ€™t jump into any coin because of trends, make deep research before venturing or buying any coin/token.
๐Ÿ‘  ,
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vote details (2)
@rqr4 · 
yeap. agree with you.
๐Ÿ‘  ,
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vote details (2)
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