[Instruction]Earlier this month, SQUID, a Play-to-Earn token based on Binance Smart Chain (BSC), saw a sudden surge in its price followed by a flash crash. Following the incident, the project claimed to have removed the restrictions on large SQUID transactions from the contract. It transferred owner access to the black hole address (note: in this address, the private key cannot be found), and shut down all social media accounts. SQUID holders are currently engaged in a "community self-help" campaign, hoping to take action against the project's runaway team in order to achieve more decentralisation and community autonomy for the project. After an in-depth analysis of the SQUID contract code, we found that the SQUID Game project is still quite risky. The tokens are still concentrated in several addresses and there is a possibility of a second rug pull. What’s more, the contract code may be upgraded at any time. This could involve operations such as issuing a large number of additional tokens which would be extremely negative for holders. [Keywords] SQUID, Squid Game, Contract Risks, Analysis, Runaway Team, Decentralisation, Community Autonomy For more information on the specific analysis process, please read this blog:【Industry Analysis】Analysis of the SQUID Game Contract Vulnerability - Risk Remains High Gate.io Blog As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home. We invite you to experience and bookmark this blog, in order to get essential investors tips. Website: https://www.gate.io/en/blog/bloglist App will be launched soon, please keep an eye out for it! Blog entry: “About-Gate Blog” at the bottom of Gate.io homepage. Gate.io Blog will be updated at regular intervals. Stay tuned! Gate.io | Your Gateway to the Blockchain Universe Sign up to enter the crypto gateway and get 40% commission from referrals Download iOS/Android App right now. Reach out to us! Twitter: https://twitter.com/gate_io Telegram: https://t.me/gateio_copytrading_global Instagram：https://www.instagram.com/gateioglobal Medium：https://medium.com/@gateio Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team NOV 9th