Topic: Squid Game scam creators buy $125M worth of SHIB turning into Shiba Inu whales (Read 346 times)
December 15, 2021, 01:52:46 PM
Generally not to say that this news surprises me. there is only one interesting part in it, that it was decided to voice this connection in the operations. Although it can be assumed that this was initially a provocation to undermine confidence in the project in which this money went, and someone will follow other motives about which we will not know.
December 15, 2021, 09:15:14 AM
Since the team traced the funds used to buy those tokens are from scammed money then its possible for them to blacklist the address right? Well, I never thought about investing in the Shiba but those who have invested should be careful because the crash is going to come soon since the scammer will cash it out soon or move to another coin again.
December 15, 2021, 06:41:35 AM
The scam creators are certainly got a million dollars now on His hand, where He knew that all investors here in crypto space was anonymous so, He have the guts to do it. Sad to say to those who became a victim on squid games who got scammed. For what He did now is that He was really a money maker here in this field of industry of the cryptocurrency.
December 12, 2021, 01:21:33 PM
If the money generated by the fraudster remains in the crypro wallet, I think some exchanges can freeze the wallet, I think the OP can share the wallet address and the purchase transaction, this situation is very concerning and until now there are still many fake coins listed on coinmarketcap , coinmarketcap should be able to change the rules again in terms of listing on their list, such as tokens must be audited and other things.
December 12, 2021, 01:14:19 PM
this is shocking news, the developers of squid scam coin openly invest with the money they scam. what a shameless cheater!
It's just so disappointing that Squid game token investor's hard earned money are just being used by scammers to manipulate another coin. I hope that they could pay for this crime in other ways though that's quite impossible in crypto industry. I don't think having scammers as whales of a certain coin would still affect the coin positively.
December 12, 2021, 12:55:50 PM
Investors fell victim to the Squid Game token scam
The sudden crash of the SQUID token was a major development in the crypto space as the token suddenly crashed to zero after a significant number of investors went in. This caused a major loss to thousands of investors, including a Shanghai man who lost his $28,000 life savings.
I don’t know why people keep on making this same mistake all the time, Despite that it is clear that cryptocurrency investment is a big risk. Apart from the fact that you might likely be walking into a scam, the fact that you’re also about to take a risk even if the project is legit, because the market fluctuates, that should be enough to make you think twice about how much you are investing in that asset. How could someone be investing their life savings in a volatile market? That's honestly ridiculous when lots of awareness guides are available across this forum and everywhere of internet.The sudden crash of the SQUID token was a major development in the crypto space as the token suddenly crashed to zero after a significant number of investors went in. This caused a major loss to thousands of investors, including a Shanghai man who lost his $28,000 life savings.
I feel sorry for those that lost their money though in squid game scam. At least from here after they must learn lessons from such incident hence in future they will avoid all planned scams.
December 12, 2021, 09:48:51 AM
What I can see here is that they are trying to get rid of money even though shib will make them richer especially if the price goes up. After that they will never be successful.
One day they will have to suffer the consequences of their deeds so I think it is not right for them to do it
I also really wonder why anyone can completely believe what other people say about a meme coin that is obviously only useful for a short time, because I don't see any meme tokens that are useful in the long term.One day they will have to suffer the consequences of their deeds so I think it is not right for them to do it
Maybe those who believed that investing on such coin, even with the fact that it is being considered as a meme coin or has any other issue, are the people who are attempting to go with the flow of the trend and take advantage of it after some time. Unfortunately, they were preceded by those of the management with their real intention behind launching the coin.
December 12, 2021, 09:41:01 AM
I'm not surprised by this. This kind of meme coin is certain to go up for no apparent reason and only empty pumps by a large group of people or communities and then left behind. Maybe Shiba can be said to be the same because they also became big because of the community and this is dangerous if filled by whales who will only give a scam.
December 12, 2021, 09:08:08 AM
What I can see here is that they are trying to get rid of money even though shib will make them richer especially if the price goes up. After that they will never be successful.
One day they will have to suffer the consequences of their deeds so I think it is not right for them to do it
I also really wonder why anyone can completely believe what other people say about a meme coin that is obviously only useful for a short time, because I don't see any meme tokens that are useful in the long term. One day they will have to suffer the consequences of their deeds so I think it is not right for them to do it
December 12, 2021, 08:08:30 AM
What I can see here is that they are trying to get rid of money even though shib will make them richer especially if the price goes up. After that they will never be successful.
One day they will have to suffer the consequences of their deeds so I think it is not right for them to do it
One day they will have to suffer the consequences of their deeds so I think it is not right for them to do it
December 12, 2021, 06:59:12 AM
Creators of the scam token Squid Game (SQUID) have become Shiba Inu (SHIB) whales. Apparently, the scammers have used their scam proceeds to buy SHIB tokens, a SHIBArmy‘s Twitter post says.
According to the post, a purchase of 3 million SHIB tokens worth $125 million was traced back to a Squid Game wallet. The funds were first sent through several wallets, probably in an attempt to conceal its source. There were also several transactions that added up to the total sum of $125 million.
The SHIBArmy in the tweet expressed concerns that there may be a manipulator of the token market price with the arrival of the suspected Squid Game scammers. This has caused panic among some SHIB holders with concerns that the price may not fluctuate naturally anymore.
Official Tweet Link: https://twitter.com/r_SHIBArmy/status/1468683128323678216?s=20
Investors fell victim to the Squid Game token scam
The sudden crash of the SQUID token was a major development in the crypto space as the token suddenly crashed to zero after a significant number of investors went in. This caused a major loss to thousands of investors, including a Shanghai man who lost his $28,000 life savings.
Source Link: https://finbold.com/squid-game-scam-token-creators-buy-125m-worth-of-shib/
According to the post, a purchase of 3 million SHIB tokens worth $125 million was traced back to a Squid Game wallet. The funds were first sent through several wallets, probably in an attempt to conceal its source. There were also several transactions that added up to the total sum of $125 million.
The SHIBArmy in the tweet expressed concerns that there may be a manipulator of the token market price with the arrival of the suspected Squid Game scammers. This has caused panic among some SHIB holders with concerns that the price may not fluctuate naturally anymore.
Official Tweet Link: https://twitter.com/r_SHIBArmy/status/1468683128323678216?s=20
Investors fell victim to the Squid Game token scam
The sudden crash of the SQUID token was a major development in the crypto space as the token suddenly crashed to zero after a significant number of investors went in. This caused a major loss to thousands of investors, including a Shanghai man who lost his $28,000 life savings.
Source Link: https://finbold.com/squid-game-scam-token-creators-buy-125m-worth-of-shib/
If that's really what happened then that's a red flag to SHIB. Imagine another hype around meme tokens and SHIB pump 100%, you don't know when the scammers will pull $200+ million worth of tokens. It's going to be a bloodbath and the token will crashed, probably die because of this.
December 12, 2021, 03:31:50 AM
So that mean shiba inu will be manipulated so easy because of that reason? I mean literally a rug pull after the hype like what happened to the squidgame token.? That's scary tho.. Lol i see shiba makes small pumps maybe that's a legit news..it will be skeptical now for sure and probably next year is the year that shiba will become one of the shitcoins in the market. 
December 12, 2021, 03:19:31 AM
Investors fell victim to the Squid Game token scam
The sudden crash of the SQUID token was a major development in the crypto space as the token suddenly crashed to zero after a significant number of investors went in. This caused a major loss to thousands of investors, including a Shanghai man who lost his $28,000 life savings.
I don’t know why people keep on making this same mistake all the time, Despite that it is clear that cryptocurrency investment is a big risk. Apart from the fact that you might likely be walking into a scam, the fact that you’re also about to take a risk even if the project is legit, because the market fluctuates, that should be enough to make you think twice about how much you are investing in that asset. How could someone be investing their life savings in a volatile market? That's honestly ridiculous when lots of awareness guides are available across this forum and everywhere of internet. The sudden crash of the SQUID token was a major development in the crypto space as the token suddenly crashed to zero after a significant number of investors went in. This caused a major loss to thousands of investors, including a Shanghai man who lost his $28,000 life savings.
December 11, 2021, 10:47:45 PM
But this could also be the ultimate karma given that they are investing in another worthless token that is primed to dump.
Actually we can't call it karma as shib is a top notch coin now. Yes it is a shitcoin but we can't expect it to be completely shitcoin as it listed on top markets and even on coinbase. The scammer is a genius, but I do hope shib can do something about it. They can track the user probably and cooperate with the authority to at least have some monitoring on the wallet they used to purchase shib from scam money. December 11, 2021, 09:44:36 PM
This is utterly ridiculous.
But this could also be the ultimate karma given that they are investing in another worthless token that is primed to dump.
Hopefully the authorities do track them down and punish them for this. Because what they did to their investors is definitely illegal even though proper DD was not carried out from the investor's part.
But this could also be the ultimate karma given that they are investing in another worthless token that is primed to dump.
Hopefully the authorities do track them down and punish them for this. Because what they did to their investors is definitely illegal even though proper DD was not carried out from the investor's part.
December 11, 2021, 05:51:06 PM
That's crazy and funny. But I guess it makes sense, they can't cash that much out anyway, so they might as well pump their own holdings.
Imagine leverage longing Shib and then suddenly some dudes buys a hundred million? I bet they did that with a group. And sooner or later, they're gonna short and dump.
I wonder if Binance will look at people who longed and shorted right before such event.
Imagine leverage longing Shib and then suddenly some dudes buys a hundred million? I bet they did that with a group. And sooner or later, they're gonna short and dump.
I wonder if Binance will look at people who longed and shorted right before such event.
If they can trace back the address to squid game scammers, then, I don't think they can trade in binance freely as binance has compulsory KYC now. So if they can identify those addresses to squid game project, binance can easily get the names of those individuals because of KYC. That is, if those people are trading in binance but if in another exchange without KYC, I don't think we can get the names of those scammers. They definitely know how to evade authorities if we are talking millions of dollars. Because if they will cash out, they have to provide KYC if they will not use p2p exchange. So right now, they are converting to other alts up until people already forgotten this rug pull.
December 11, 2021, 05:44:07 PM
Creators of the scam token Squid Game (SQUID) have become Shiba Inu (SHIB) whales. Apparently, the scammers have used their scam proceeds to buy SHIB tokens, a SHIBArmy‘s Twitter post says.
According to the post, a purchase of 3 million SHIB tokens worth $125 million was traced back to a Squid Game wallet. The funds were first sent through several wallets, probably in an attempt to conceal its source. There were also several transactions that added up to the total sum of $125 million.
According to the post, a purchase of 3 million SHIB tokens worth $125 million was traced back to a Squid Game wallet. The funds were first sent through several wallets, probably in an attempt to conceal its source. There were also several transactions that added up to the total sum of $125 million.
Authorities can trace these people if they trade on a centralized exchange like Binance, they can only trade in a decentralized environment but if they trade in a place where there is a way to track their identity they will be in big trouble, now that they are investing it will be easy for them to catch hopefully the authorities have all the tools to track their activity, catch them, prosecute them and put them to jail.
December 11, 2021, 04:59:13 PM
That's crazy and funny. But I guess it makes sense, they can't cash that much out anyway, so they might as well pump their own holdings.
Imagine leverage longing Shib and then suddenly some dudes buys a hundred million? I bet they did that with a group. And sooner or later, they're gonna short and dump.
I wonder if Binance will look at people who longed and shorted right before such event.
Imagine leverage longing Shib and then suddenly some dudes buys a hundred million? I bet they did that with a group. And sooner or later, they're gonna short and dump.
I wonder if Binance will look at people who longed and shorted right before such event.
December 11, 2021, 03:56:46 PM
What a big LOL.
Hopefully, the developers of shib would do the same as Tether to these scammers that they would freeze their funds.
At least the victims would get some justice for what they did.
Hopefully, the developers of shib would do the same as Tether to these scammers that they would freeze their funds.
At least the victims would get some justice for what they did.
Agree with that suggestion if the Shiba Inu developers are good enough they must do that as a return favor for the crypto community acceptance for Shiba Inu, now is the best time to do that gesture because Shiba Inu now is one of the most popular meme tokens in the market. $125Million was a huge sum of money so they must do that asap.
Is shiba centralized or decentralized? well, the intervention of the developers might lead them to unknown result.
Anyway, it's just a thought that came to my mind which will surely satisfy the victims.
December 11, 2021, 02:30:40 PM
are they planning to destroy the meme coins by profiting privately? this is very funny and at the same time makes shiba holders anxious
How not, what he has done to Squid is proof that he only wants profit unilaterally without thinking about others.
meme coins might be one of the most appropriate tools for them and shiba holders should be careful with this
How not, what he has done to Squid is proof that he only wants profit unilaterally without thinking about others.
meme coins might be one of the most appropriate tools for them and shiba holders should be careful with this
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