ANALYSIS: The Squid Game Crypto Scam Is So Securities-Law Meta

Nov. 5, 2021, 5:49 PM UTC

The word “meta” has evolved into online gamer talk for using knowledge of a game to cheat other players, in addition to serving as a buzzword for being self-referential. So the week that Facebook changed its name to Meta was exactly the right time for the hit series “Squid Game” to inspire a crypto token sale that soon turned out to be a scam to cheat would-be players of an online game based on the show. Remarkably, the Squid Game scammers actually showed an understanding of the SEC’s crackdown on token sales since 2017 and recent crypto developments such ...

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