The SQUID token has grown by 2280% despite a downtime and a scam warning.
Despite allwarnings, the price of the SQUID rose again this morning.
SQUID was launched two weeks ago, the price started at $0.01. In the first 72 hours it rose to $4.42. By that time, he had already aroused the suspicions of the media and the crypto community.
On November 1, the SQUID price peaked at $ 2,861.80, soaring 7.500% overnight. But the record lasted only five minutes, and the SQUID fell to $ 0.005.
Squid Game website and Twitter account todaylocked down. The Binance exchange began an internal investigation, as the project is built on the basis of the Binance Smart Chain. Squid Game developer accounts and wallets are blocked. The exchange's security team is trying to track assets that allegedly went through the Tornado Cash transaction mixing service.
According to BscScan, the anonymous creators of the tokenraised at least $3.4 million in investor funds. Experts believe that this is a classic rug pull, one of the most common types of fraud in the Defi ecosystem.
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