Squid Game, has allegedly scammed users of over US$3million.The alleged scam happened on the morning of November 1, when the price of the cryptocurrency peaked at an eye-watering US$2,861 per coin before plummeting to less than a cent at around 5:40am ET, per CoinMarketCap.A scam like this is referred to as a “rug pull”, per Gizmodo, where creators of a cryptocurrency cash out their holding of the coin for real money, which rapidly devalues the cryptocurrency’s worth.