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Liputan6.com, Jakarta – Last Friday, the world was shocked by the emergence of the Squid Game cryptocurrency brand.
In just 24 hours after its launch, the SQUID crypto asset immediately jumped from $ 2.22 to $ 2,800 (Rs 40million) this morning.
While in the top position, the creators of the cryptocurrency game Squid Game apparently decided to sell their holdings, shut down the website, and ran away with billions of rupees.
Based on the CoinMarketCap site via Gizmodo on Tuesday (2/11/2021), in just 5 minutes (5:40 am local time), the Squid Game crypto asset immediately plunged to $ 0.
Before the free fall, the makers of SQUID were said to have pocketed more than $ 2.6 million, or roughly Rs 37 billion, according to Gizmodo.
The method of this kind of fraud is generally called “carpet pull“or” pull the rug “by some crypto practitioners.
In this way, crypto makers quickly monetize their real currency assets and intentionally drain liquidity from the exchange.
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