Former NYC mayor Eric Adams accused of crypto scam shortly after leaving office
Former mayor of New York City Eric Adams is being accused of a crypto scam just a few weeks after leaving office. Adams allegedly made several million dollars using a common method of deceit called a rug pull.
NYC Token
Earlier this week, Adams held a press conference in Times Square to push his new meme coin, the “NYC Token.” To attract investors in the new coin, Adams said it would be used to fight antisemitism, anti-Americanism and more.
Adams’ announcement of the new coin did not offer many other details, including who else was backing the coin. But with Adams as the face of the new venture, people bought in, and the coin’s price rose to a $580 million market capitalization.
During his time in office, Adams had…
