Squid Game Token Price Crashes From $2,800 To Zero Minutes After Twitter Restricts 'Official' Account.

According to CoinMarketCap, the crypto project has an unverified market cap of $2.9 million.

The crypto token recorded an 83,000% price surge in a matter of days, drawing investors in despite numerous reports that it was an obvious scam.

Users reported being unable to sell their SQUID tokens on account of its “anti-dumping technology.”

After social media platform Twitter flagged the “official” Squid Game account, its creators reportedly attempted to run other accounts which were also flagged and suspended.

At the time of writing, scammers had already begun laundering the stolen funds through Tornado Cash, an Ethereum-based solution that enhances the privacy of transactions.