A number of crypto tokens bearing the Squid Sport title appeared shortly after the second season of the favored Netflix collection Squid Sport was launched, however many consider they could possibly be scams.
Blockchain safety firm PeckShield warned on December 27 that a number of Squid Sport-themed tokens are “circulating within the wild” and seem fraudulent.
PeckShield acknowledged on X, “Watch out for rip-off #SquidGame tokens circulating within the wild”.
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One instance is a token launched on the Base blockchain, the place its deployer held the biggest share of the availability. This token dropped by 99% shortly after it was launched, inflicting losses for anybody who purchased in.
Different related tokens had been reported on the Solana
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community, elevating additional suspicion. A social media account on X promoted a Squid Sport token. Nevertheless, one other X person flagged the token as probably harmful, stating that its prime holders all seemed to be the identical entity.
The second installment of Squid Sport debuted on December 26. Recognized for its intense storyline, the collection follows financially struggling contributors who threat their lives in harmful video games to win an enormous prize.
The Squid Sport-themed tokens flagged as scams or rug pulls should not the one ones that made headlines. On December 26, the X account of Animoca Manufacturers’ co-founder was breached to advertise a faux token. How did the hacker pull it off? Learn the total story.
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