Home / Crime / Crypto Scam? Eric Adams Launched a Token That Quickly Tanked

Crypto Scam? Eric Adams Launched a Token That Quickly Tanked

Less than an hour after its launch, Adams’ $NYC Token appeared to have lost most of its value in what some are calling a rug pull.

When Eric Adams took office as New York City’s mayor in January 2022, he asked that his first paycheck be converted into cryptocurrency—an early show of faith by Adams in the alternative ecosystem of decentralized digital currencies.
These days, Adam… [2550 chars]

Source: Inc. Magazine | Published: 2026-01-13T16:11:31Z

Credit: Inc. Magazine

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