Squid Game Crypto Rug Pull - Patrick Boyle On Finance

What this episode covers

Send us a textThe anonymous scammers behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. Investors were able to purchase the crypto but couldn’t sell it. The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out thei...

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Frequently Asked Questions

How long is this episode of Patrick Boyle On Finance?

This episode is 7 minutes long.

When was this Patrick Boyle On Finance episode published?

This episode was published on November 2, 2021.

What is this episode about?

Send us a textThe anonymous scammers behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. Investors were able to purchase the crypto but couldn’t sell it. The SQUID...

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