Adams' NYC Token crashes after launch, fueling scam accusations

1 min read
Source: The Washington Post
Adams' NYC Token crashes after launch, fueling scam accusations
Photo: The Washington Post
TL;DR Summary

Former New York City mayor Eric Adams launched the meme cryptocurrency NYC Token, whose value crashed soon after its debut, sparking fraud accusations and scrutiny of the venture; Adams had pitched the token as a tool to fight anti-Americanism and antisemitism.

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