Squidward Coin (SQUID)

Maybe news about a $squid?

Personally I don’t think I’ve used enough to be eligible for anything.

Stories where fortunes evaporate in seconds in the crypto world. Here are the most shocking, “no way” kind of collapse tales

1. Gerald Cotten and QuadrigaCX: Passwords Went to the Grave

It was Canada’s biggest exchange, and CEO Gerald Cotten suddenly died in India. Interestingly, he was the only person with access to the exchange’s $190 million assets, and only he knew the passwords. People requested to open his grave to check “did he really die?” – there’s even a Netflix documentary about it.

2. SQUID Token: Emptying the Wallet While Watching the Series

Taking advantage of the popularity of the Squid Game series, a team launched a coin called SQUID. The coin gained 230,000% value in a week; the price jumped from $0.01 to $2,861. Then? The developers withdrew liquidity with a single click and ran away. When investors realized that the ‘sell’ button no longer worked as the price rose, it was already too late. The price dropped to zero within seconds.

3. BitConnect: Hey Hey Heyyy!

The most iconic Ponzi scheme in crypto history. Remembered for Carlos Matos’ famous presentation. They promised users a monthly 40% return.

From $463 it fell to $5 within just a few hours. It left thousands of victims and gave rise to the biggest crypto memes in history.

4. Do Kwon and LUNA: Algorithmic Nightmare

The Terra‑LUNA ecosystem founded by Do Kwon, once seen as the “Crypto King”, swallowed $40 billion in just 72 hours.

Many people lost their life savings in this “stable” system. Do Kwon is still fighting legal battles.

5. Sam Bankman‑Fried (FTX): From Billionaire to Convict

The “golden child” of crypto, SBF, secretly used customer funds for his own trading firm Alameda Research. A single tweet (by Binance CEO CZ) set off everything, and the major exchange collapsed within a week. SBF went from a lavish lifestyle in the Bahamas to a 25‑year prison sentence.

#Bitcoin #Ethereum

When greed meets code. Crypto’s wildest rug pulls that left investors holding the bag.

🚨 From hype to heartbreak 💔 the notorious rug pulls that shook Web3. https://t.co/m4cNcWoEN3