Binance Is Investigating Squid Game Token, Considers It a Scam

Posted on by American Coins & Gold

Binance Is Investigating Squid Game Token, Considers It a Scam
Crypto exchange Binance is investigating the SQUID token crash and considers it a scam, a company spokesperson confirmed to CoinDesk.Binance is exploring options to help those harmed, including “blacklisting addresses affiliated with the developers and deploying blockchain analytics to identify the bad actors,” the spokesperson said.Binance will also provide their findings to law enforcement officials in the appropriate jurisdiction. The play-to-earn SQUID protocol is built on Binance Smart Chain (BSC), but Binance emphasized that BSC is an open-source ecosystem and so the company does not have oversight over projects built on the network. “These types of scam projects have become…