• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 21, 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

Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025
Featured

Trump Earns $57M from Crypto Venture

June 14, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?
News

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 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