Binance is investigating the SQUID token issue.

On November 4, expert Binance announced that the platform was investigating the SQUID token issue and believed the incident to be fraud. Binance is exploring solutions to help victims, including blacklisting related parties, distributing blockchain analytics to identify perpetrators, and communicating findings to local authorities. In previous news, the developer of the Squid Game Token fled after allegedly selling 70 million tokens, generating $ 11.9 million in revenue. It was reported that the price of the Squid Game token jumped from $ 2,856 to $ 0,00079 within seconds as project producers sold 70 million tokens in the market for a price of 22,328 BNB (11.9 millions of dollars). , almost back. Zero. (Parts office)