Scam warning! Squid Game Token (2021.11.02)

I noticed Squid Game token 2 days ago from this post by @rsntpl.

According to CoinMarketCap, this token was worth $36.38 USD yesterday, but they already wrote the following red warning:

We have received multiple reports that users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show of the same name, is not affiliated with the official IP.

Today the token went down to $0.003385 USD, losing 99.99% of its value. And there is another red warning on CoinMarketCap:

We have received multiple reports that the website and socials are no longer functional & the users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show of the same name, is not affiliated with the official IP.

Seeing all of this, we can clearly say that the Squid Game Token is a scam.

And things like this are hurting not just/only the people, who buy these coins, but unfortunately the whole cryptocurrency industry too. Mainly its reputation.

So sad to see something like this.

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Original image from https://pbs.twimg.com, edited with Snapseed.

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