Season 2 of Squid Game, Netflix’s global sensation, has captivated viewers with its new twists, including a plotline involving cryptocurrency scams. One of the standout characters is Lee Myung-gi, a 30-year-old YouTuber and crypto scammer who runs a fake MG Coin channel. Through this fraudulent platform, Myung-gi manipulates investors, offering promises of fast riches, only to deceive them with Ponzi schemes. His character provides a stark portrayal of how social media influence and greed intertwine with financial crimes.
Myung-gi’s journey in the show mirrors real-life crypto scams that prey on individuals’ desire for quick wealth. Before the high-stakes games, he orchestrates a Ponzi scheme involving a fictional cryptocurrency, Dalmatian Coin, swindling billions of won from unsuspecting investors. This scheme not only highlights the dangers of unregulated digital currencies but also satirizes the volatility and instability that plagues many real-world investments.
The storyline draws direct inspiration from the infamous Squid Game crypto scam that emerged in 2021. After the success of the first season, fraudsters exploited the show’s popularity to launch a fraudulent Squid token. The token promised a “play-to-earn” model where users could earn more tokens by participating in games. However, as the price soared to nearly $3,000, the creators vanished, leaving investors with worthless tokens. This scam mirrored the fictional narrative seen in Squid Game Season 2, which delves into the darker side of cryptocurrency and the risks of investing in unreliable ventures.
Critics have had mixed reactions to Season 2. While some appreciate the complexity of the new characters and the evolution of the storyline, others found the initial episodes slow-paced. Rebecca Nicholson of The Guardian gave the season a three-star rating, praising a major plot twist but noting that the first episodes lacked the same pace and intensity as Season 1. Conversely, The Times awarded the season four stars, highlighting the multi-layered themes of revenge and redemption, along with a thoughtful narrative that explores life beyond the games.
Also Read: Shiba Inu (SHIB) Soars 20% To 6-Month High Amid Shibarium And Burn Mechanism Surge
In conclusion, Squid Game Season 2 weaves a gripping narrative that reflects real-world issues like cryptocurrency scams and market instability. As the story unfolds, it remains focused on its life-or-death competition, while also tackling broader social commentary, including the dangers of unchecked greed in the digital age.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
