Category: Rug Pull
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Anatomy of a Rug Pull: How the Squid Game Token Scammed Investors of Millions
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Introduction: The Rise of Rug Pulls The cryptocurrency market has seen exponential growth in recent years, bringing both opportunities and risks. One of the most notorious scams in this space is the “rug pull,” where project creators withdraw liquidity, leaving investors with worthless tokens. Among the most infamous examples is the Squid Game Token (SQUID)…