Who is the winner in Squid Game Token? The Scammer Who Made $2 Million.
"In the final chapter, you must jump on this rug as we pull it."
SQUID Token, the project created and the rug pulled by “Rich guys in an Animals masks, was not all that it seemed. It was totally what it seemed: a scam.
After dropping on the scene last week via PancakeSwap and DODO, the Binance Smart Chain token based on the hit Netflix show "Squid Game" reached an all-time high of $2,856 before its website, social media accounts, and money abruptly disappeared this morning. An address traded in the SQUID tokens for BNB tokens worth over $2 million. That’s a lot of gambling, shopping, and brunches if you ask me.
SQUID launched using a play-to-earn model, in which players can earn more crypto by taking part in video games; participants would have to pay an entry fee—in SQUID—to get mowed down in the first round, "Red Light, Green Light," with the games getting increasingly more expensive.
You can see some people get wiped out, be warned that it will likely happen to you, and still show up for another ride from Seoul in that unmarked black van. Some people are desperate enough to try to get rich from shady investment strategies.
Eventually, there will be no games, which means you, dear reader, can go on living in an uncaring fiat money world. But if you get truly desperate, like Cho Sang-woo after a steak dinner, you can always go hunting around for another get-rich-quick scheme.