Home / Crime / Investors call crypto coin backed by Eric Adams a scam after currency rapidly drops in value

Investors call crypto coin backed by Eric Adams a scam after currency rapidly drops in value

The rapid plummet of a crypto coin promoted by ex-New York City Mayor Eric Adams is drawing outrage from investors and crypto mavens who say the debut of the currency resembles a “rug pull” or “pump-and-dump” scheme.

The rapid plummet of a digital coin promoted by ex-New York City Mayor Eric Adams is drawing outrage from investors and crypto mavens who say the debut of the currency resembles a “rug pull” or “pump-and-dump” scheme.
“NYC Token” fell a jaw-dropping … [4108 chars]

Source: New York Post | Published: 2026-01-14T18:18:24Z

Credit: New York Post

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