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Crypto exchange Binance has said it is trying to hunt down the scammers behind the infamous Squid Game cryptocurrency.

Bubble.

The latest development shows just how risky it can be to invest in a new and hyped token in the crypto market, reports CoinDesk.

The popular cryptocurrency known as "SquidGame Cash" or "SQUID" has collapsed amid an apparent "rug pull" scam. The digital ...

The cryptocurrency based on Netflix blockbuster Squid Game has collapsed, and anonymous scammers behind the cryptocurrency that peaked to $2,861 before plummeting to $0 on Monday, made over $2.1 million before shutting the crypto project.

The Squid Game crypto project had gained instant popularity and the token rose by more than 35,000 percent in just three days - despite several red flags including grammatical and spelling errors in the projects white paper.

The SQUID crypto coin was trading at $0.003203, reports CoinMarketCap.The developers behind the crypto project have left the project after the price of its affiliated token crashed to nearly zero.

The SQUID token skyrocketed to a high of $2,861.80 before plunging to zero around 5:40 a.m. Monday. The meme coin's market capitalization hit an estimated $2.2 million, according to CoinMarketCap.

The Squid Game crypto SQUID has completely crashed as it was revealed it was an apparent scam, following a 33,600% surge last week, which had raised several red flags and had triggered a warning from...

The cryptocurrency based on Netflix blockbuster Squid Game has collapsed, and anonymous scammers behind the cryptocurrency that peaked to $2,861 before plummeting to $0 on Monday, made over $2.1 million before shutting the crypto project.