SQUID GAME CRYPTOCURRENCY COLLAPSES IN APPARENT SCAM

On 1 November, the Guardian reported that, after jumping more than 310,000% in value, Squid lost all its value after Twitter flagged the cryptocurrency’s account and temporarily restricted it due to “suspicious activity”.  The token’s value had spiked to $2,856.  The token was made available for purchase on 20 October with the idea that the cryptocurrency would be a pay-to-play token to play an online game, inspired by Squid Games, and the game was set to launch in November.

https://www.theguardian.com/technology/2021/nov/01/squid-game-cryptocurrency-scam-fears-investors

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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