“Binance is investigating the SQUID Game token error and it is considered a fraudulent scheme,” a company spokesperson confirmed.
Binance is exploring a range of options to help sufferers, including “blacklisting wallet addresses and developers. including deploying blockchain analytics to identify this bad person,” the spokesperson said.
Additionally, Binance will provide appropriate information to law enforcement officials.
“This kind of scam scheme has become commonplace in the DeFi space as speculative crypto investors are always looking for the next ‘moon shot’ token and investing in them by There was no proper investigation,” the spokesman said.
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