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Verify a decision

Every moderation decision on AVOID.NET is anchored to the Solana blockchain. You don't have to trust us — you can verify cryptographically that we committed to a verdict at a specific moment and have not rewritten it.

How verification works

  1. We commit. When a moderator accepts/rejects a submission, we serialize the decision into deterministic UTF-8 bytes (payload_canonical_string), hash it with SHA-256, encode the digest as base58, and write it to Solana inside an SPL Memo v2 transaction.
  2. We store the bytes. The exact bytes we hashed are stored alongside the decision in our database. Anyone can read them and recompute the hash in any language.
  3. You compare three values. Database hash, your independently-recomputed hash, and the hash inside the on-chain memo. If all three match, the decision is authentic and timestamped.
The on-chain memo format is AVOID.NET|v1|h:<b58-sha256>|d:<id>|t:<iso>

Find a signature on any investigation page's decision log, or run python -m src.verify_decision --signature <sig> for a CLI check.

Decision
publish · Squid Games (SQUID Token)
View on Solana ↗
Sequence
#1
Score
→
Cluster
mainnet-beta
Slot
422776107
Off-chain at
2026-05-28T18:37:15.458Z
Anchored at
—
Block time
—

Independent verification

1. Database (off-chain)
C4AcyNZEL4DzZunKNTMm14X796rNEjoX9k7B7oB5D6cz
2. Recomputed (your browser)
computing…
3. On-chain (Solana memo)
fetching…
Canonical bytes hashed (8788 chars)
{"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}