Twitter Most Famous NFT Loses 99.9% Of Its Value In The First Day Of Its Launch
The most obvious type of crypto scams is rug pulls, and it happens when a content creator or a blockchain developer advertises for a new innovative and state of the art crypto project, promising investors thousands of dollars on their small investments.
The creator pulls the rug on the project and steals all the money the coin made by changing it to cash, draining the liquidity pool from the exchange and plummeting the coin's value to $0.In a recent crypto scheme, an anonymous group of developers made the coin SQUID, claiming that they are affiliated with the popular show Squid Game when they had no ties to the show whatsoever.
Source
t.me/Nfts_Daily
