Former NYC Mayor Eric Adams accused of $2.5 million crypto ‘rug pull’ as his NYC Token crashes

https://www.theverge.com/news/861269/former-nyc-mayor-eric-adams-accused-of-2-5-million-crypto-rug-pull-as-his-nyc-token-crashes

Emma Roth Jan 13, 2026 · 1 min read
Former NYC Mayor Eric Adams accused of $2.5 million crypto ‘rug pull’ as his NYC Token crashes
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Former NYC Mayor Eric Adams accused of $2.5 million crypto ‘rug pull’ as his NYC Token crashes

The NYC token’s value peaked at about $580 million, before dropping to $130 million.

The NYC token’s value peaked at about $580 million, before dropping to $130 million.