One of the biggest pump-and-dump crypto scams was the Squid Game token scam. Developers claimed they would create a game based on the popular show “Squid Game” and sold tokens to that effect. They created hype around the game to pump up the price and restricted the ability to sell, so the price of tokens skyrocketed further due to “demand.” However, the developers created an exception for themselves and began selling (dumping) their tokens and reaping profits. This scam was also a rug pull since the developers disappeared without providing any product or game. Binance and Bittrex are among the exchanges that are most likely to see crypto pump-and-dump schemes.