Former NYC Mayor Eric Adams accused of $2.5 million crypto ‘rug pull’ as his NYC Token crashes
Published: (January 13, 2026 at 11:06 AM EST)
1 min read
Source: The Verge
Source: The Verge
Token Crash Details
Former NYC Mayor Eric Adams has come under fire after his new cryptocurrency token crashed just hours following its launch on Monday. As reported by CoinDesk, Adams’ “NYC Token” hit a $580 million market capitalization at its peak before plummeting to around $130 million at the time of writing.