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‘Squid Game’ crypto token cost one Shanghai investor his life savings of $28,000 after coin plunged to near zero

News Snapshot:

Scene from “Squid Game” by Netflix Source: Netflix When Bernard heard about a token named after the popular South Korean Netflix series “Squid Game,” which chronicles the lives of cash -strapped adults who play in a deadly tournament for a big jackpot, he did a quick scan on Google to see if the coin was legit. After catching headlines – but before reading the full articles, many of which warned of some red flags around the project – he decided to invest his entire life savings of $28,000 into SQUID, a coin that billed itself as a “play-to-earn” cryptocurrency ….

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