A little over one year after countless cryptocurrency investors fell victim to the crypto scam that used the name of the popular Netflix (NASDAQ: NFLX) show to trick people into investing in SQUID token, a cryptocurrency that, in fact, had no connection to the show.
Interestingly, a journalist’s investigation has delivered new evidence as to the whereabouts of the scam’s originators. As it happens, the debut of the famous Korean Netflix show Squid Game in 2021 proved a perfect opportunity for scammers to create an efficient cryptocurrency scam that has cost its victims an aggregated $16 million in financial loss.
The crypto scammers launched a token eponymous with the popular show with an aim to boost its price and sell as much as possible, with such a success that even major publications like the BBC, CNBC, and Yahoo, took notice, as Finbold sent out a warning to traders.
Investigation begins
Thirty days later, they disappeared with millions, but investigative technology journalist Janhoi McGregor and tech expert Ciaran O’Connor decided to find the identity of the SQUID scammer, reporting the results of their investigation in a podcast series ‘Squid Scam: Chasing the NFT Con Artists.’
In the podcast, McGregor revealed that a discussion in a victims’ Telegram chatroom had given him the first suspects in the case, as he received a video of the rug pull supposedly happening live on a computer monitor, watermarked with what appears to be the name of one of…
