Operators behind the Squid Game cryptocurrency have exit scam making off with an estimated $2.1 million just after a week from its launch.
Gizmodo, which first reported the news, initially warned of a potential scam because investors were not allowed to sell the purchased crypto.
The website used to advertise the cryptocurrency (this is an archived version of the SquidGame.cash website) is down and social media accounts used by the author of the Squid Game crypto scheme were closed.
The case demonstrated the vivid imaginations of criminals and the credulity of investors.
