Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer.

Colbert appears in a Wednesday segment discussing how members of Generation Z fall for frauds within and beyond the crypto space. ReferencedThe A token is used to pull a rug. inspired by Netflix’s show Squid Game, In which more than 3 million investors were unable to recover their investment losses. Together with “certified young person” and staff writer Eliana Kwartler, Colbert debuted an “amazing investment opportunity” designed to obtain people’s credit card numbers, first pet names and the names of the street on which they grew up.