Home / Crime / Investors cry foul over former NYC Mayor Eric Adams’s crypto launch: ‘Such an obvious rug’

Investors cry foul over former NYC Mayor Eric Adams’s crypto launch: ‘Such an obvious rug’

Adams’s new cryptocurrency has all the makings of a scam known as a rugpull.

It didn’t take long for crypto observers to declare NYC Token had all the hallmarks of a dreaded rugpull—a common scam where someone launches a cryptocurrency then quickly extracts the value, leaving retail investors with worthless tokens. According … [3728 chars]

Source: Fortune | Published: 2026-01-13T15:42:32Z

Credit: Fortune

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