The cryptocurrency market is booming right now and citing the same, we have seen various new cryptocurrencies show up in the recent past. Although investing in cryptocurrency is really risky, people are still putting their money in several of them, expecting high returns. However, the most dangerous thing that several investors are doing right now is investing their hard-earned money in newly launched cryptocurrencies named after popular TV shows that are obviously scams.
One such cryptocurrency is the new Squid Coin that launched recently in the market. The latest crypto coin, piggybacking on the name of the uber-popular Netflix series Squid Game, saw a 2,000% increase in value since its launch. However, as per several reports, the Squid Game cryptocurrency is, unfortunately, a scam and there are various red flags to prove the same.
How is the Squid Game Cryptocurrency a Scam?
Now, starting with the first…