Audit log

Every state-changing event for Squid Games (SQUID Token): moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-05-28 18:37:15Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 422,776,107

   sig

   44qAtUsREaU7…WAhSomUscopyexplorer ↗

   hash

   C4AcyNZEL4Dz…7oB5D6czcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (8788 B) ▸

   {"actor":"system:backfill","investigation_id":"0892fe28-af4c-4bbd-86ec-0922fb7b1979","kind":"publish","page_slug":"squid-games","published_at":"2026-05-28T18:37:15.416Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Squid Games (SQUID Token)","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.cnbc.com/2021/10/28/squid-game-cryptocurrency-up-nearly-2400percent-in-the-last-24-hours.html","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/academy/article/binance-investigates-squid-game-themed-crypto-scam","type":"other","url":""},{"credibility":3,"name":"https://cryptobriefing.com/how-bsc-project-used-netflixs-squid-game-scam-investors/","type":"other","url":""},{"credibility":3,"name":"https://www.techtimes.com/articles/267303/20211029/squid-game-cryptocurrency-researchers-say-obvious-scam.htm","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains","type":"other","url":""},{"credibility":3,"name":"https://finbold.com/warning-multiple-squid-game-token-investors-reportedly-cant-sell-squid/","type":"other","url":""},{"credibility":3,"name":"https://cryptobriefing.com/squid-game-token-jumps-40000-meme-coin-mania/","type":"other","url":""},{"credibility":3,"name":"https://invezz.com/news/2021/10/29/5-key-highlights-from-squid-game-tokens-whitepaper/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://coinmarketcap.com/academy/article/i-lost-everything-how-squid-game-token-collapsed","type":"other","url":""},{"credibility":3,"name":"https://www.cbsnews.com/news/squid-game-cryptocurrency-rug-pull-scam/","type":"other","url":""},{"credibility":3,"name":"https://gizmodo.com/squid-game-cryptocurrency-scammers-make-off-with-2-1-m-1847972824","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/twitter-flags-squid-game-token-accounts-as-price-crashes","type":"other","url":""},{"credibility":3,"name":"https://www.nasdaq.com/articles/squid-game-crypto-creators-steal-millions-in-rug-pull.-heres-how-to-avoid-scams-2021-11-03","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.trmlabs.com/resources/blog/on-the-trail-of-the-squid-game-scammers","type":"other","url":""},{"credibility":3,"name":"https://heimdalsecurity.com/blog/squid-game-cryptocurrency-squid-crashed-on-monday-in-an-apparent-scam-investors-lose-millions-of-dollars/","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/academy/article/i-lost-everything-how-squid-game-token-collapsed","type":"other","url":""},{"credibility":3,"name":"https://www.verified.org/articles/news/squid-game-cryptocurrency-scam","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.trmlabs.com/resources/blog/on-the-trail-of-the-squid-game-scammers","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/business/2021/11/03/binance-is-investigating-squid-game-token-considers-it-a-scam-report","type":"other","url":""},{"credibility":3,"name":"https://gizmodo.com/binance-is-now-investigating-the-squid-game-crypto-scam-1847998199","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/85276/binance-says-trying-find-scammers-behind-squid-game-token","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/business/2021/11/03/binance-is-investigating-squid-game-token-considers-it-a-scam-report","type":"other","url":""},{"credibility":3,"name":"https://gizmodo.com/binance-is-now-investigating-the-squid-game-crypto-scam-1847998199","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/academy/article/binance-investigates-squid-game-themed-crypto-scam","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/85276/binance-says-trying-find-scammers-behind-squid-game-token","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://finbold.com/just-in-squid-game-crypto-token-scammer-tracked-down/","type":"other","url":""},{"credibility":3,"name":"https://cryptotips.eu/en/news/squid-game-token-scammers-found-in-hong-kong/","type":"other","url":""},{"credibility":3,"name":"https://www.trmlabs.com/resources/blog/on-the-trail-of-the-squid-game-scammers","type":"other","url":""},{"credibility":3,"name":"https://bscscan.com/token/0x87230146e138d3f296a9a77e497a2a83012e9bc5","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://bitcoinist.com/got-rekt-on-squid-game-here-are-the-warning-signs-you-missed-ignored/","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains","type":"other","url":""},{"credibility":3,"name":"https://www.techtimes.com/articles/267303/20211029/squid-game-cryptocurrency-researchers-say-obvious-scam.htm","type":"other","url":""},{"credibility":3,"name":"https://www.nbcnews.com/tech/tech-news/squid-game-crypto-collapse-pushes-investors-cry-scam-rcna4399","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.trmlabs.com/resources/blog/squid-game-season-2-a-window-into-popular-culture-and-crypto-scams","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/squid-game-tokens-scam-alert-2024","type":"other","url":""},{"credibility":3,"name":"https://www.bitget.com/news/detail/12560604456335","type":"other","url":""},{"credibility":3,"name":"https://www.cryptotimes.io/2024/12/27/squid-game-lovers-got-scammed-as-fake-token-drops-99/","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@losslesscash/squid-rug-pull-another-case-study-to-justify-the-need-for-on-chain-security-fd4f5ed45b50","type":"other","url":""}]}],"sources_used":[],"summary":"SQUID was a BEP-20 token on the Binance Smart Chain launched in late October 2021 that exploited the viral popularity of the Netflix series 'Squid Game.' On November 1, 2021, anonymous developers executed a rug pull, draining at least $3.38 million in liquidity and abandoning the project, causing the token price to collapse from a peak of $2,861.80 to effectively zero within minutes. More than 43,000 investors suffered losses, with no arrests made and the perpetrators remaining unidentified as of mid-2026.","timeline":[{"date":"2021-10-20","event":"SQUID token presale begins on Binance Smart Chain.","source":""},{"date":"2021-10-26","event":"Token goes live; CoinDesk reports 35,000% price increase in three days. CoinTelegraph and Finbold flag user inability to sell.","source":""},{"date":"2021-10-28","event":"CNBC reports the token's 2,400% single-day surge; Netflix confirms no affiliation with the project.","source":""},{"date":"2021-10-29","event":"CoinMarketCap adds warning label noting reports that users cannot sell their tokens.","source":""},{"date":"2021-11-01","event":"Rug pull executed. Token peaks at $2,861.80 at approximately 9:35 AM UTC then collapses to near-zero by 9:40 AM. Developers drain liquidity on PancakeSwap and DODO. 55 deposits made into Tornado Cash. Project website, Twitter, and Telegram go offline. Developers post farewell message claiming stress and alleged hacking attempt.","source":""},{"date":"2021-11-02","event":"Washington Post, CBS News, Gizmodo, and other major outlets confirm the rug pull. Initial estimates of $3.38 million stolen.","source":""},{"date":"2021-11-03","event":"Binance officially announces investigation, designates SQUID a scam, and commits to sharing findings with law enforcement.","source":""},{"date":"2021-11-04","event":"Binance blacklists developer-linked addresses. TRM Labs begins on-chain forensic tracing of stolen funds across BSC and Ethereum.","source":""},{"date":"2022-01-01","event":"TRM Labs publishes detailed blockchain forensic analysis estimating total scheme value at 35,025 BNB (~USD 19.3M). Scammers remain unidentified.","source":""},{"date":"2022-06-01","event":"Investigative journalists trace leads to Hong Kong apartment; learn local police had already visited the location ~6 months prior. No arrests confirmed.","source":""},{"date":"2024-12-27","event":"Launch of Netflix Squid Game Season 2 triggers new wave of SQUID copycat scam tokens on Base, Solana, and Ethereum. One Base-chain token collapses 99% within hours.","source":""}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 7eb0e53f-1a8f-4fda-97ad-f2f766469d9fcopy
2. #2rescoreby systemsystem

   2026-10-27 06:02:35Z
   Score: 2 → 0 (-2)
   Rescored under Scoring v2, the published formula (avoid.net/scoring): 2 → 0. The page establishes that the subject is itself a scheme, so the score is 0.
   anchoranchored

   chain

   ●mainnet-betaslot 461,961,822

   sig

   2m3D1qM94kFm…f37kKxLxcopyexplorer ↗

   hash

   8QYSoSnCb4j7…vi3sGBVncopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (517 B) ▸

   {"actor":"system","decided_at":"2026-10-27T06:02:35.692Z","decision":"rescore","investigation_id":"0892fe28-af4c-4bbd-86ec-0922fb7b1979","new_score":0,"page_slug":"squid-games","prev_score":2,"reason":"Rescored under Scoring v2, the published formula (avoid.net/scoring): 2 → 0. The page establishes that the subject is itself a scheme, so the score is 0.","score_delta":-2,"score_model":"v2","sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 164ed10f-cf9c-4d6c-9cf4-6920d1306a6ccopy
3. #3reviewby reviewerreviewer

   2026-11-01 22:49:39Z
   Score: 0 → 0 (no score change)
   The core narrative holds: BSC token with a sell restriction, rug pull on Nov 1 2021, 43,000+ investors, $2,861 peak, and TRM's tracing figures all match the sources I fetched. Minor issues: the summary wording implies $19.3M is only the further rug pulls, when TRM's figure includes SQUID; the $3.38M loss figure varies by outlet ($2.1M to $3.38M); two timeline entries lack sources; the Oct 20 start date is unconfirmed. Only a sample of citations was checked. No critical omissions found.
   anchoranchored

   chain

   ●mainnet-betaslot 464,266,123

   sig

   2dqDd9oRHp9o…2Mpytj4Scopyexplorer ↗

   hash

   FaXwBNPrst4V…rDrVPABbcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1302 B) ▸

   {"actor":"reviewer","artifact_identity":"71897b77974a754b6464bbff1908f3e8","decided_at":"2026-11-01T22:49:39.746Z","decision":"review","disputed_pct":0.2222,"findings_hash":"DEjhyAhQbSZAPgCNxD1dzGkaGKD9bYZHdHCPw2TQFzz8","investigation_id":"0892fe28-af4c-4bbd-86ec-0922fb7b1979","judge_def_hash":"8800307026131ea9d5da939d32b9a1f1884b2b84a5de33c8e87931d36f38d0f8","new_score":0,"page_content_hash":"97f9c53d56ae40fbc5522e1b7aade45404bfb016c9ad5e6db4dcb6ee4fedab06","page_slug":"squid-games","prev_score":0,"reason":"The core narrative holds: BSC token with a sell restriction, rug pull on Nov 1 2021, 43,000+ investors, $2,861 peak, and TRM's tracing figures all match the sources I fetched. Minor issues: the summary wording implies $19.3M is only the further rug pulls, when TRM's figure includes SQUID; the $3.38M loss figure varies by outlet ($2.1M to $3.38M); two timeline entries lack sources; the Oct 20 start date is unconfirmed. Only a sample of citations was checked. No critical omissions found.","reviewer_def_hash":"bc11388ce4bc4deea1b064fea362663ae06e3f4f687f99604769044d6ffba770","score_delta":0,"sequence_num":3,"subject_status":"shut_down","subject_status_contradicts_page":false,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision e3f06366-dfb2-44f0-884c-8245c18d4c6fcopy
4. #4review reviseby judgejudge

   2026-11-01 22:49:39Z
   Score: 0 → 0 (no score change)
   The core account (anti-sell contract, November 1, 2021 rug pull, 43,000+ investors, $2,861 peak, TRM Labs tracing figures) was confirmed against TRM Labs and CBS News, and no claim was disputed. Two of nine checked claims could not be verified (claim_findings[6], a negative claim about arrests as of mid-2026, and claim_findings[7], an unsourced 2022-06 timeline entry), which puts the page in the 10-30% band. Four further claims were only partly supported: the summary wording implies the $19.3M TRM figure covers only the additional scams when it includes SQUID (claim_findings[0]), the $3.38M loss figure is stated flatly though outlets report $2.1M to $3.38M (claim_findings[5]), the October 20 start date is unconfirmed (claim_findings[4]), and one timeline entry has no source (claim_findings[8]). The project's shutdown is stated on the page, no omissions were found, and only a sample of citations was checked, so the penalty stays at the lower end of the band.
   anchoranchored

   chain

   ●mainnet-betaslot 464,266,128

   sig

   5SePRqKNE19d…o1HCrSdBcopyexplorer ↗

   hash

   85qZwGsmZh4x…XG8pPBEfcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1614 B) ▸

   {"actor":"judge","artifact_identity":"71897b77974a754b6464bbff1908f3e8","band_override":null,"decided_at":"2026-11-01T22:49:39.746Z","decision":"review_revise","delist_requested":false,"disputed_pct":0.2222,"investigation_id":"0892fe28-af4c-4bbd-86ec-0922fb7b1979","judge_def_hash":"8800307026131ea9d5da939d32b9a1f1884b2b84a5de33c8e87931d36f38d0f8","new_score":0,"page_slug":"squid-games","prev_score":0,"reason":"The core account (anti-sell contract, November 1, 2021 rug pull, 43,000+ investors, $2,861 peak, TRM Labs tracing figures) was confirmed against TRM Labs and CBS News, and no claim was disputed. Two of nine checked claims could not be verified (claim_findings[6], a negative claim about arrests as of mid-2026, and claim_findings[7], an unsourced 2022-06 timeline entry), which puts the page in the 10-30% band. Four further claims were only partly supported: the summary wording implies the $19.3M TRM figure covers only the additional scams when it includes SQUID (claim_findings[0]), the $3.38M loss figure is stated flatly though outlets report $2.1M to $3.38M (claim_findings[5]), the October 20 start date is unconfirmed (claim_findings[4]), and one timeline entry has no source (claim_findings[8]). The project's shutdown is stated on the page, no omissions were found, and only a sample of citations was checked, so the penalty stays at the lower end of the band.","reviewer_def_hash":"bc11388ce4bc4deea1b064fea362663ae06e3f4f687f99604769044d6ffba770","score_delta":0,"sequence_num":4,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision dda58277-4925-4e4a-8c68-167a03e4952dcopy