Luke Hartford was first promised a new, rising cryptocurrency thanks man answered. The tweets were posted below author Carl Martin, Swedish cryptocurrency analyst and YouTuber, on October 27. Martin was discussing the price of the Shiba Inu alt coin, which he believes could fall to zero.
This is where Hartford, an architect from Sydney, Australia, read the tips from the user name @ jonhree112 which informed him of the recent rising cryptocurrency. Its price went up 1,000 percent and it looks like it has a 200 percent overhead head. At the time, the value of each coin was 72 cents. “It’s best to buy $ 1.00 beforehand,” he wrote @ jonhree112.
The money was called Squid Game, based on – but not affiliated with – a runaway Netflix series of the same name. “The money was spent on zeitgeist on Netflix Squid game by providing opportunities for players who are interested in the game to benefit, “said Katherine Wooler, chief executive of Dacxi’s UK financial platform. white paper, published on its now-defunct website, promised great things to investors — but it sounded as dangerous as the Ponzi scheme. “The more people join in, the more likely they are to become addicted [sic] the reward will be, ”he promised.
Hartford was a crypto business expert, having worked with him around the world since 2017. He witnessed the meteoric rise of Shiba Inu, a meme-like money meme that he enjoyed. 900 percent rising in less than a month, disrupting its process of entering the top 10 cryptocurrencies in the country in the process. And he saw Squid Game money catch the zeitgeist the same way. He wanted to get down. So on October 28 bought.
Hartford was not a rookie, so he looked at BscScan, who registers all events on the Binance platform, before cash. There were comments from people warning that the Squid Game currency could be fraudulent: From any other point, it seemed too good to be true, and it could break trades and ultimately be worthless. But Hartford did not listen. “I wanted to rush in,” she says. He bought a squid Game for $ 300 when each was worth about 90 cents, sat down, and looked. The first was over $ 1, giving her back 10 percent of her expenses. Then $ 2. Then $ 3. He said: “I was still watching that night, and I was so happy that I had doubled my money in just a few hours. When Hartford woke up the next morning, the Squid Game money had hit $ 5. His $ 300 had been thrown over $ 1,660. He was very happy.
But something unusual was happening. On the morning of October 29, when she checked the $ SQUID hashtag on Twitter, she saw people tweeting that they could not sell what they had. Others criticized those who were struggling to make ends meet, saying that they needed to buy berries, which were obtained through paid games that the owners had set up to sell. Hartford paused for a moment. “At the time,” she says, “I didn’t really know if I had been robbed.