Following the success of South Korean survival drama series Squid Game, a cryptocurrency called the “SQUID,” dedicated to the mini television series made it into the crypto-pool. The value of this token nosedived by 99.99 percent in recent hours after SQUID creators managed to stunt out a classic “rug pull”. That's a scam where developers abandon the project and dupe investors off their money. The crypto-coin had registered a 300 percent value growth on October 30, but lost its value from $2,800 , to its current price – which is $0.003347 . The scammers are believed to have collected around $3.3 million with this project, a report by Gizmodo claimed.