A new crypto rugpull has been discovered, with scammers using the popular Netflix series "Squid Game" to deceive users and steal their funds. The scam token was deployed on Coinbase's layer-2 Base solution and experienced a 99% price drop. This significant decline suggests a rugpull, where creators sell their holdings after the price surges. CoinMarketCap lists several tokens with the "SQUID" ticker, but this particular scam token is not among them. A similar scam occurred in 2021, where a Squid Game token saw a meteoric rise in value before the developers performed a rugpull, leaving investors with significant losses.



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