Eric Adams Accused of $3 Million Crypto 'Rug Pull' After Launching NYC Token

Former New York City Mayor Eric Adams is facing serious allegations of a "rug pull" after launching a meme coin, $NYC, on the Solana blockchain. The token, purportedly created to combat anti-Semitism and anti-Americanism, saw its liquidity rapidly drained shortly after its issuance, leading to significant investor losses.