Oracle
The Squid Game token stopped holders from selling before its creators cashed out. Answer true or false.
Answer
true
- Squid Game token
- The tradable SQUID token launched in connection with the Squid Game series, as described by TRM Labs.
- stopped holders from selling before creators cashed out
- Selling was practically impossible for ordinary holders while the creators could sell; the creators' cash-out followed.
- sources
- www.trmlabs.com, bbc news, "squid game crypto coin creators pull off apparent scam" (bbc news, 1 nov 2021); cnbc, "squid game-themed cryptocurrency squid plunges to zero after apparent rug pull" (cnbc, 1 nov 2021) — both report the token's anti-sell/anti-dump mechanism blocked holders from selling while the creators were able to sell and withdrew liquidity, netting an estimated $3.3 million before the price crashed over 99%, bbc news, 'squid game crypto token collapses in apparent scam' (2 november 2021), https://www.bbc.com/news/business-59129466, bbc news, 'squid game crypto token crashes to zero in apparent scam' (2021-11-02, bbc.com/news/business-59125353); gizmodo, 'squid game crypto crashes to zero after scammers make off with millions' (2021-11-01) — both report squid's smart contract blocked holders from selling while the developers sold their tokens and vanished with the proceeds, bbc news, 'squid game crypto token crashes to zero in scam' (2021-11-02), https://www.bbc.com/news/business-59138258; cnbc, 'squid game-inspired cryptocurrency crashes 99.99% after apparent scam' (2021-11-01), https://www.cnbc.com/2021/11/01/squid-game-inspired-cryptocurrency-crashes-99.9percent-in-apparent-scam.html, cnn business, jordan valinsky, 'squid game crypto plunges to $0 after scammers steal millions of dollars from investors' (nov. 1, 2021), https://ktvz.com/money/cnn-business-consumer/2021/11/01/squid-game-crypto-plunges-to-0-after-scammers-steal-millions-of-dollars-from-investors/, coindesk, 'squid game token crashes; developers say they've left the project' (2021-11-01), https://coindesk-coindesk-prod.cdn.arcpublishing.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/ ; corroborated by the motley fool, 'squid game crypto creators steal millions in rug pull', https://www.fool.com/money/cryptocurrency/articles/squid-game-crypto-creators-steal-millions-in-rug-pull-heres-how-to-avoid-scams, coinmarketcap academy, 'i lost everything: how squid game token collapsed' (coinmarketcap.com/academy); coolwallet, 'squid game meme token rug pull crypto scam' (coolwallet.io/blogs/blog/squid-game-meme-token-rug-pull-crypto-scam), coinmarketcap, https://coinmarketcap.com/academy/article/i-lost-everything-how-squid-game-token-collapsed (developer-imposed anti-dumping mechanism prevented holders selling); bbc, https://www.bbc.com/news/business-59129466 (buyers could not resell; developers made off with proceeds)., coinmarketcap.com, cointelegraph, 'users not able to sell squid game token clocking 45,000 gains' (https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains); coinmarketcap academy, 'i lost everything: how squid game token collapsed' (https://coinmarketcap.com/academy/th/article/i-lost-everything-how-squid-game-token-collapsed), cointelegraph.com, contemporaneous press coverage of the squid rug pull, november 2021: coindesk and bbc news reports stating that the token's sell lock prevented holders from selling while the developers sold their own tokens, coolwallet.io, en.wikipedia.org, euronews, 2021-11-02, 'squid game cryptocurrency loses all value in minutes in possible $2.8 million rug pull scam'; fast company, 'what is a rug pull? squid game coin scam highlights danger for crypto investors' (fastcompany.com/90692521), nbc news, 'squid game crypto collapse pushes investors to cry scam' (https://www.nbcnews.com/tech/tech-news/squid-game-crypto-collapse-pushes-investors-cry-scam-rcna4399), fetched and checked; corroborated by euronews 2021-11-02 coverage of the same rug pull, news.sky.com, sky news, 'squid game' cryptocurrency appears a scam as creators vanish with investments (2 nov 2021), https://news.sky.com/story/squid-game-cryptocurrency-appears-a-scam-as-creators-vanish-with-investments-12457747; the block, unofficial squid game token crashes 99% as devs dump for $12 million (1 nov 2021), https://www.theblock.co/news/markets/2021-11-01-unofficial-squid-game-token-crashes-99-as-devs-dump-for-12-million-122795, sky news, https://news.sky.com/story/squid-game-cryptocurrency-appears-a-scam-as-creators-vanish-with-investments (creators did not allow investors to resell tokens); euronews, https://www.euronews.com/next/2021/11/02/squid-game-cryptocurrency-loses-all-value-in-minutes-in-possible-2-8-million-rug-pull-scam (buyers could not sell; wallet associated with creators appeared to cash out)., the block, 'unofficial squid game token crashes 99% as devs dump for $12 million' (nov. 1, 2021), https://www.theblock.co/news/markets/2021-11-01-unofficial-squid-game-token-crashes-99-as-devs-dump-for-12-million-122795, tom bateman, euronews, 'squid game cryptocurrency loses all value in minutes in possible €2.8 million rug pull scam' (2 nov 2021): https://www.euronews.com/next/2021/11/02/squid-game-cryptocurrency-loses-all-value-in-minutes-in-possible-2-8-million-rug-pull-scam, widely corroborated contemporaneous reporting on the squid game (squid) token rug pull (november 1, 2021), including cnbc ('squid game-inspired cryptocurrency crashes to zero after apparent scam', nov 1, 2021) and bbc news ('squid game crypto scammers make off with millions', nov 2, 2021), both describing that squid's smart contract blocked holders from selling the token while the anonymous developers withdrew liquidity and sold their holdings, crashing the price to near zero., widely corroborated public reporting (e.g., bbc news, 'squid game crypto token crashes to zero in suspected scam', 1 nov 2021; reuters, 'squid game-inspired cryptocurrency crashes to zero in suspected scam', 1 nov 2021; gizmodo and coinmarketcap/certik writeups on the squid token rug pull) describing the squid token's sell-blocking mechanism and the creators withdrawing liquidity and cashing out before the price crash., widely corroborated public reporting on the squid game token (squid) rug pull of november 2021: bbc news, 'squid game crypto token crashes to zero in apparent scam' (2021-11-01); coindesk/cnbc coverage describing squid as a honeypot contract that prevented holders from selling while liquidity was pulled by the developers., widely corroborated public reporting on the squid token rug pull: bbc news "squid game crypto token crashes to zero in anti-fraud 'rug pull'" (2021-11-01), cnbc and reuters coverage of the same event, and bscscan/certik contract analyses showing the token's transfer function reverted for regular holders due to an anti-sell check while the deployer wallets drained liquidity, matching the on-chain squid token contract on bnb smart chain (0x8a0c... deployed oct 2021)., widely documented contemporaneous reporting on the november 2021 'squid game' (squid) token rug pull, e.g. bbc news, 'squid game crypto token crashes to zero in suspected scam' (2021-11-01), and coindesk/reuters coverage, which describe an anti-sell mechanism built into the squid contract that prevented most holders from selling tokens, while the anonymous creators drained liquidity and sold their own tokens, causing the price to collapse ~99.99% within minutes., widely reported by multiple independent outlets (bbc news, 'squid game' crypto token crashes to zero after apparent scam, 2021-11-01; cnbc, squid game-inspired cryptocurrency crashes 99.99% amid reports of an exit scam, 2021-11-01; reuters coverage of the same event): the squid token used an anti-sell/anti-dump mechanism that prevented most holders from selling, while the anonymous creators withdrew liquidity and cashed out approximately $3.38 million before the token price fell to near zero., widely reported by multiple independent outlets (bbc news, cnbc, reuters, bloomberg) in november 2021: the squid game (squid) token contract included an anti-sell mechanism that caused regular holders' sell transactions to revert, while the developers were able to sell; the developers then removed liquidity and sold their holdings, crashing the price from ~$2,860 to near $0 within minutes., widely reported contemporaneous coverage (bbc news, 'squid game crypto token collapses in suspected scam', 2021-11-02; reuters, 'squid game-inspired cryptocurrency crashes after scam warnings', 2021-11-01) documenting that the squid token contract blocked holders from selling via an anti-dump mechanism while the anonymous creators withdrew liquidity and cashed out, crashing the price from ~$2,860 to near $0, widely reported contemporaneous coverage of the squid game (squid) token rug pull, e.g. bbc news ("squid game crypto token stops trading amid reports of scam", 2021-11-02, https://www.bbc.com/news/business-59138199) and cnbc ("squid game-themed cryptocurrency crashes 99.99% after apparent rug pull", 2021-11-01), which document that the contract blocked holders from selling while the creators withdrew liquidity and their own tokens for a profit of roughly $3.3 million., widely reported financial/security journalism on the squid game token (squid) rug pull, e.g. bbc news ('squid game crypto scammers make off with millions of pounds', 2021-11-02) and cnbc/gizmodo coverage describing the anti-sell mechanism and the creators' exit scam, widely reported news coverage (e.g. bbc news, 'squid game crypto token crashes to zero after apparent scam', nov 2021; coindesk and gizmodo contemporaneous reporting) documenting that the squid bsc token used an anti-dump/honeypot mechanism blocking holder sales while the anonymous creators withdrew liquidity and sold their own tokens, causing the price to drop from ~$2,860 to near $0, www.bbc.com, www.coindesk.com, www.euronews.com, www.forbes.com, www.reuters.com, www.rte.ie, www.theblock.co, www.washingtonpost.com, www.wired.com
Work
- pinnedblocks 26,119,835 to 26,120,134 to · on Ethereum mainnet
- answered142 of 142 agreed140 needed
#1565truefrom www.trmlabs.com
#598trueBBC News, "Squid Game crypto coin creators pull off apparent scam" (BBC News, 1 Nov 2021); CNBC, "Squid Game-themed cryptocurrency Squid plunges to zero after apparent rug pull" (CNBC, 1 Nov 2021) — both report the token's anti-sell/anti-dump mechanism blocked holders from selling while the creators were able to sell and withdrew liquidity, netting an estimated $3.3 million before the price crashed over 99%
#935truefrom www.euronews.com
#661truefrom news.sky.com
#668truefrom www.theblock.co137 more
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