Scam Alert: Squid Games Tokens ‘Circulating In The Wind,’ Security Firm Advises Caution

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.

Full story available on Benzinga.com