“My rush to buy this token is for a single idea that went into my brain that ‘Squid Game’ is very, very popular now, and its token must be popular now,” said Bernard, who lives in Shanghai “It’s a tragedy. I don’t know how to recover my loss.”
In the interview with CNBC, Bernard said that he is responsible for his family and he is now concerned about his upcoming bills.
According to BscScan transaction records, the currency’s anonymous creators amassed about $3.4 million in investor funds. At what might look like a “rug pull” scheme; investors are alleged with swapping the project coins for fiat currency and running away with the funds.
“Squid Game Dev does not want to continue running the project as we are depressed from the scammers and is overwhelmed with stress,” Squid developers posted Monday in their Telegram channel, which now has more than 89,000 members.
SQUID white paper and website both disappeared following the coin’s price plummet. However, archived copies of the official landing page and white paper are still online. Twitter has temporarily restricted its account due to “suspicious activity.”
