Scam Alert: Squid Games Tokens ‘Circulating In The Wind,’ Security Firm Advises Caution
Posted On December 30, 2024
The ghost of “Squid Games” scam tokens returned as the makers renewed the popular Netflix survival thriller series for a second season on Friday.
What Happened: With the hype around the show reaching a fever peak, a handful of cryptocurrencies with dubious origins started to circulate in the market, preying on unsuspecting traders.
Blockchain security company PeckShield warned users about a scam-tainted token called Squid that was launched on the Base blockchain on Dec. 27. The token’s deployer was its largest holder and has plunged 99% since launch.
“Beware of scam #SquidGame tokens circulating in the wild,” the on-chain sleuth stated.
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