Controversy Surrounding NYC Token
Former New York City Mayor Eric Adams recently responded to reports claiming he profited from the NYC Token. He firmly denied any involvement in fund transfers related to the token, calling the allegations baseless.
Price Volatility Raises Concerns
The NYC Token surged in value upon launch, only to plummet shortly after. This sharp swing prompted speculation within the crypto community, with some observers questioning whether it involved a 'rug pull'—a common scheme where developers abruptly dump tokens, causing prices to crash.
Adams Addresses the Claims
Through his spokesperson Todd Shapiro, Adams stated that the reports lacked factual grounding and made it clear he did not benefit financially from the project.