Warning: Major spoilers for all episodes of Squid Game Season 2 ahead!

The highly anticipated finale of Squid Game Season 2 brought the thrilling season to a nail-biting close, leaving fans both satisfied and yearning for more. With the final season set to air in 2025, viewers are already wondering who among their favorite characters met a tragic end.

The explosive conclusion followed Player 456, Gi-hun, during an intense showdown that unfolded after a brutal fight in the men’s bathroom, resulting in the deaths of Thanos and four others. The mounting tensions between the remaining players set the stage for a night fraught with danger as alliances crumbled and strategies were put to the test.

Gi-hun found himself in a strategic dialogue with Player 001, contemplating whether they should take the fight to their rivals instead of waiting to be attacked. Gi-hun believed that capturing the enigmatic figure behind the black mask, unknowingly referring to Player 001, would turn the tide in their favor. His plan hinged on feigning weakness, hiding beneath the beds while allowing the opposing team to take the offensive.

As the well-laid plan unfolded, Team X gained unexpected leverage by seizing weapons from armed guards sent to calm the situation. Under the leadership of Hyun-ju, a former Special Forces sergeant, they prepared for a counter-attack through the vividly lit halls of the compound, but were met with fierce resistance.

Unexpected developments ensued as Player 001 cunningly eliminated his companions and sent a deceitful message to Gi-hun, prompting a frenzied confrontation. Amidst the chaotic firefights, Player 001's treachery came to light, resulting in a series of betrayals and tragic losses for both sides.

As ammo dwindled and tensions escalated, players were captured, leaving Gi-hun and Jung-bae on the brink of disaster. In a heartbreaking moment, the Front Man personally executed Jung-bae in a show of power, devastating Gi-hun and marking a pivotal cliffhanger for the series.

But wait! Just when you thought it was over, a tantalizing mid-credits scene teased what could be in store for Season 3. Viewers caught a glimpse of three new players navigating a frightening round of “Red Light, Green Light” under the watchful gaze of Young Hee, the notorious doll from Season 1, alongside her equally unsettling counterpart, Cheo-lsu. This sinister imagery hints that the deadly games are far from over.

As creator Hwang Dong-hyuk hinted, this shocking reveal in the credits provides just a taste of what’s to come. Fans are left to speculate on the implications of these new characters and the ever-present threat of the masked figures behind the games.

With the stakes higher than ever and a massive cliffhanger hanging over viewers, all eyes will be on Season 3. What twists and turns can we expect in the final showdown? Will Gi-hun finally confront the entity pulling the strings? Only time will tell in this riveting, heart-stopping saga!