Rewards Hub Former New York City Mayor Eric Adams is reportedly involved in a rug pull scheme with his newly launched memecoin, $NYC. The token, which was promoted on Adams' personal social media accounts, saw its liquidity removed just 30 minutes after launch. This sudden action resulted in a $3 million loss for investors, according to reports from PeckShieldAlert.
Former NYC Mayor Eric Adams Accused of $3M Rug Pull with $NYC Memecoin
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