Former Nyc Mayor Eric Adams Accused Of $2.5 Million Crypto ‘rug Pull’ As His Nyc Token Crashes

1 week ago

Former NYC Mayor Eric Adams has travel nether occurrence aft his caller cryptocurrency token collapsed conscionable hours pursuing its motorboat connected Monday. As reported by CoinDesk, Adams' "NYC Token" deed a $580 cardinal marketplace capitalization astatine its highest earlier plummeting to around $130 million astatine this clip of writing.

Data from nan blockchain study platform, Bubblemaps, flagged "suspicious" activity surrounding nan coin. A wallet linked to nan NYC Token's deployer withdrew astir $2.5 cardinal successful liquidity erstwhile nan token reached its peak. It later added astir $1.5 cardinal backmost aft nan coin dropped by 60 percent, but, arsenic noted by CoinDesk, astir $900,000 was …

Read nan afloat communicative astatine The Verge.