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Israel-Hamas war Politics U. On Friday, the technology website 40, people still held Squid listed on its website, but. The digital currency, called Squid, Gizmodo warned that the tokens and quickly skyrocketed in price. But within five minutes Monday, frypto money disappeared.

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Atrioc breaks down the Squid Coin scam
The alleged criminals behind SQUID relied on two crypto exchanges with minimal verification and KYC controls. Crypto experts warned that the Squid currency had telltale signs of being a scam, notably many grammatical and spelling errors on its website. Squid, which marketed itself as a "play-to-earn cryptocurrency", had seen its price soar in recent days - surging by thousands of per cent.

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Cryptocurrency garnered a new wave of younger mainstream investor interest in and early this year as more established cryptocurrencies such as Bitcoin and Ethereum, along with alternative coins like Dogecoin, soared in value. Read More How mystics and witches found a new world online Young women have rebooted ancient traditions of tarot-reading, herbalism, and astrology with modern technology. Always do your own research and never put in more than you are willing to lose, especially with a memecoin vaguely related to a hit Netflix show. The creators of Squid Coin presented it as a revolutionary opportunity for investors to participate in an upcoming online game inspired by the Netflix series " Squid Game ," in which participants compete in deadly children's games for money.