#shorts #scams #crypto Remember that infamous squid game scam where you had to play the game in order to earn cryptocurrency. People bought online tokens and earned more later by exchanging them for other cryptocurrencies. In no time, the price of Squid token went from little 1 cent to crazy $90. And then, one day, the trading suddenly stopped. The scammers had accumulated a whopping $3 million, and before anybody could notice their scam, they just disappeared. This is how Rug Pull scams are pulled off. Scammers pump up in new project, NFTs, or a coin to gather funds. And once a sufficient amount goes into their project, they suddenly disappear, leaving all their investors dry.
