• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, October 27, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Binance Froze Squid Game Token Developers’ Wallet Addresses

margin707 by margin707
November 3, 2021
in News
Reading Time: 3 mins read
0
binance squid game token
28
SHARES
Share on TwitterShare on Facebook

In a statement earlier today, Binance confirmed that it has frozen and blacklisted wallet addresses associated the developers of Squid Game Token.

Squid Game Token Drama Continues

As the whole Squid Game Token Saga unfolds, it’s great to see Binance step in and attempt to identify the bad actors responsible for the “rug pull”. In a statement earlier today to Barron‘s, Binance said that it’s:

“deploying blockchain analytics to identify the bad actors.”

The reason Binance is able to step in and blacklist the correct addresses is because the developers converted their $SQUID to $BNB, which are on the Binance Smart Chain.

The scammers attempted to mix their $BNB using a mixing service called Tornado Cash, but it seems that Binance was able to find their tracks anyway.

The developers disappeared with upwards of $3M in BNB with the last response from them being on Monday, November 1st.

squid game developers

The message appeared on their telegram and read (included with the grammar mistakes):

“Someone is trying to hack our project these days. Not only the twitter account @GoGoSquidGame but also our smart contract. We are trying to protect it but the price is still abnormal. Squid Game Dev does not want to continue running the project as we are depressed from the scammers and is overwhelmed with stress. We have to remove all the restrictions and the transaction rules of Squid Game. Squid Game will enter a new stage of community autonomy.

Sorry again for any inconvenience been made for you. If any strange starts coming out of it, ignore it. Thanks!”

As Binance is investigating the developers and has frozen their wallet addresses, it will be interesting to see whether the “someone hacked me” defense will pan out.

We can only hope those victims who bought $SQUID can recoup at least some of their initial investment.

Squid Game Token Price

As we reported earlier today, Squid Game Token price rose over 400% for no apparent reason. At the time of writing Squid Game Token is up over 1900% priced at $0.12.

It seems most of the trade volume is coming from PancakeSwap, in the past 24 hours over $59M worth of $SQUID have been traded. Looking on Bscscan, there have been roughly 25 trades in the past hour which seem to be heavily influencing the market price.

Further investigation reveals that there are some accounts simply buying and selling $SQUID within the hour, this account for example, bought and sold about 100,000 $SQUID in the span of 1 hour.

As the Squid Game Token saga unfolds it’s comforting to hear that Binance is taking the lead in shutting this down and reimbursing the victims.

Unfortunately, this isn’t the first nor the last crypto scam we will see. Crypto investing can be an incredible journey or a painful existence, your choice.

Follow us on twitter @thevrsoldier to stay up to date with the latest cryptocurrency news!

Tags: binancesquidsquid gamesquid price
Previous Post

Rarible Price Up 18% – What Is the Hype All About?

Next Post

Smooth Love Potion ($SLP) Rises Over 50% Amid NFT.NYC Presentation

Related Posts

Pepe Price Outlook: 30% October Drop May Set Stage for Reversal
Meme Coins

Pepe Price Outlook: 30% October Drop May Set Stage for Reversal

October 27, 2025
Gold Pulls Back from Record High as Bitcoin Extends Recovery
News

Gold Pulls Back from Record High as Bitcoin Extends Recovery

October 27, 2025
Bitcoin Steadies Near $110K Despite CPI Uptick, Signaling Market Maturity
News

Bitcoin Steadies Near $110K Despite CPI Uptick, Signaling Market Maturity

October 24, 2025
Featured

Cardano Slips After NIGHT Token Event

October 22, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
Featured

BNB Price Rises After Robinhood Listing

October 22, 2025
Featured

Trump Envoy in Senate Crypto Probe

October 22, 2025

Press Releases

Bitcoin Miners Outperform BTC by 500% as AI Integration Redefines the Sector
News

Bitcoin Miners Outperform BTC by 500% as AI Integration Redefines the Sector

by Jordan Avery
October 19, 2025

Bitcoin miners have outpaced BTC’s performance in 2025, recording gains of up to 500% as artificial intelligence (AI) reshapes the...

Read more
Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

October 11, 2025
NFT Market Sees $129M Weekly Sales as BNB Chain Surges

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

September 28, 2025
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier