Other [loss] $3M+

"Squid Game crypto token collapses in apparent scam"

2021-11-01 [vendor] Squid Game
Primary Source ↗
Financial Loss $3.4M (3,360,000 USD)

Incident Details

Creators of a Squid Game-themed token (not affiliated with, or authorized by, those behind the Netflix series) created a token which quickly skyrocketed in value and earned news coverage in outlets like the BBC. Not long after investors began to report they were unable to sell their tokens, creators drained $3.36 million out of the liquidity pool in an apparent rug pull.

Total loss estimated at $3,360,000.

Technical Details

Initial Attack Vector
Exit scam / rug pull
Vendor / Product
Squid Game

Timeline

  1. 2021-11-01 Breach occurred
  2. 2021-11-01 Publicly disclosed