‘Squid Game’ Crypto Tanks , After Scammers Steal Millions From Investors.br Recently, a digital currency called SQUID was created based off Netflix's popular dystopian drama, 'Squid Game.' .br Recently, a digital currency called SQUID was created based off Netflix's popular dystopian drama, 'Squid Game.' .br It was being touted as a token that could be used for br a new online game inspired by the series.br It was being touted as a token that could be used for br a new online game inspired by the series.br It was being touted as a token that could be used for br a new online game inspired by the series.br According to CoinMarketCap, the cryptocurrency surged to $2,861 before plummeting to $0 on Nov. 1.br SQUID's creators pulled off br a scam known as a "rug pull,".br which means they cashed out all of their coins for br real money, causing the crypto's value to crash.br But before doing so, they stole an estimated $2.1 million from investors.br Prior to the rug pull, Gizmodo and CoinMarketCap warned investors that SQUID was likely a scam due to multiple red flags.br Prior to the rug pull, Gizmodo and CoinMarketCap warned investors that SQUID was likely a scam due to multiple red flags.