{"id":25709,"date":"2026-01-13T09:05:34","date_gmt":"2026-01-13T09:05:34","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=25709"},"modified":"2026-01-13T09:05:36","modified_gmt":"2026-01-13T09:05:36","slug":"eric-adams-nyc-token-rug-pull","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/eric-adams-nyc-token-rug-pull\/","title":{"rendered":"Eric Adams&#8217; NYC token scandal: A $3 million rug pull?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"has-the-bitcoin-mayor-betrayed-the-crypto-community\">Has the &#8220;Bitcoin Mayor&#8221; Betrayed the Crypto Community?<\/h2>\n\n\n\n<p>It&#8217;s a brutal turn of events for the man who promised to make New York the global hub of cryptocurrencies. Eric Adams, known for converting his first mayoral paychecks into <strong><a href=\"https:\/\/investx.fr\/en\/crypto-news\/bitcoin\/\">Bitcoin<\/a> (BTC)<\/strong> and <strong><a href=\"https:\/\/investx.fr\/en\/crypto-news\/ethereum\/\">Ethereum<\/a><\/strong>, now faces <strong>serious allegations<\/strong> following the launch of <strong>his own token, the NYC <a href=\"https:\/\/investx.fr\/en\/learn\/crypto\/bitget-token-bgb\/\">Token<\/a>.<\/strong> What was supposed to be a revolution in civic engagement now looks like a massive scam.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We\u2019re about to change the game. <a href=\"https:\/\/t.co\/GvEGwt1f44\">https:\/\/t.co\/GvEGwt1f44<\/a><\/p>&mdash; Eric Adams (@ericadamsfornyc) <a href=\"https:\/\/twitter.com\/ericadamsfornyc\/status\/2010818988591161682?ref_src=twsrc%5Etfw\">January 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to information confirmed by <strong>on-chain<\/strong> data, a digital wallet directly connected to the smart contract deployer <strong>withdrew nearly all<\/strong> available liquidity. This maneuver, typical of scam <strong>rugpulls<\/strong>, instantly dried up the market, preventing holders from selling their tokens.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"on-chain-analysis-evidence-of-a-massive-dump\">On-Chain Analysis: Evidence of a Massive Dump<\/h2>\n\n\n\n<p><a href=\"https:\/\/investx.fr\/en\/crypto-news\/blockchain\/\">Blockchain<\/a> analysts were quick to dissect the incriminating transaction. The withdrawal of $2.5 million caused massive <strong>slippage<\/strong>, triggering a vertical price crash of nearly <strong>99%<\/strong>. In trading terms, it&#8217;s a catastrophic <strong>red candle<\/strong> that leaves retail investors with no chance.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Eric Adams, former NYC mayor, launched <a href=\"https:\/\/twitter.com\/search?q=%24NYC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$NYC<\/a> token today and essentially rugged it less than an hour later. <br><br>After launching it, he deployed a large amount of single-sided liquidity positions before publicly shilling it. <br>This was followed very promptly by removing millions of\u2026 <a href=\"https:\/\/t.co\/c8JdpaQ4YF\">https:\/\/t.co\/c8JdpaQ4YF<\/a> <a href=\"https:\/\/t.co\/2DNVZ085fk\">pic.twitter.com\/2DNVZ085fk<\/a><\/p>&mdash; Cryptosolv (@cryptosolv) <a href=\"https:\/\/twitter.com\/cryptosolv\/status\/2010893677472989473?ref_src=twsrc%5Etfw\">January 13, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The timing is all the more suspicious as this massive withdrawal comes shortly after an aggressive marketing phase that attracted significant capital. Market sentiment shifted from moderate optimism to a completely <strong>bearish<\/strong> state, even total panic. Discussions on X are heating up, accusing the team of orchestrating a classic <strong>pump and dump<\/strong> scheme under the cover of a public political figure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"justice-and-regulation-could-eric-adams-face-prison\">Justice and Regulation: Could Eric Adams Face Prison?<\/h2>\n\n\n\n<p>If the facts are proven, the legal consequences could be disastrous for the former mayor. The SEC (Securities and Exchange Commission) closely monitors token launches by celebrities, and this type of maneuver inevitably attracts the regulator&#8217;s wrath. This is no longer just a matter of market volatility, but potentially organized financial fraud.<\/p>\n\n\n\n<p>Holders of the NYC Token, now stuck with worthless <a href=\"https:\/\/investx.fr\/en\/learn\/crypto\/bitget-token-bgb\/\">tokens<\/a>, are hoping for a class action lawsuit or intervention by authorities to freeze the funds before they are mixed or laundered through privacy protocols. This event marks another stain on the reputation of <strong>social tokens<\/strong>.<\/p>\n\n\n\n<p>As the noose tightens around the project&#8217;s founders, a burning question now agitates the entire ecosystem: <strong>Will U.S. regulation make an example of Eric Adams to definitively clean up the &#8220;celebrity coins&#8221; market?<\/strong><\/p>\n\n\n\n<p>Currently at a <strong>$129 million<\/strong> market cap, the NYC Token has crashed by nearly <strong>90% in less than an hour.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/t.me\/+z-a5LKRM7HxkNWZk\" target=\"_blank\" rel=\"noreferrer noopener\">Roro Crypto &#8211; Get free trades on our private group!<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Related Articles:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/shiba-inu-shib-price-analysis\/\">SHIB: This signal points to a $1 billion surge: should you buy?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/xrp-solana-etfs-bitcoin-ethereum\/\">XRP and Solana ETFs surge past Bitcoin and Ethereum: Is a Bull run imminent?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/investx.fr\/en\/crypto-news\/binance-top-traders-bullish-xrp\/\">Are 76% of Binance&#8217;s top traders bullish on XRP? Should you follow?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Breaking: Eric Adams faces accusations of a $3M rug pull with the NYC Token. Discover the details of this crypto scandal and its impact.<\/p>\n","protected":false},"author":32,"featured_media":25708,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","faq_titre":"","questions_frequentes":"","custom_permalink":"crypto-news\/eric-adams-nyc-token-rug-pull"},"categories":[11,10],"tags":[],"class_list":["post-25709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eric Adams NYC token: $3M rug pull scandal explained<\/title>\n<meta name=\"description\" content=\"Breaking: Eric Adams faces accusations of a $3M rug pull with the NYC Token. 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Je suis \u00e9galement form\u00e9 au trading et \u00e0 l\u2019analyse technique depuis plus d\u2019un an sur le march\u00e9 des cryptomonnaies, mais \u00e9galement sur le forex et les m\u00e9taux pr\u00e9cieux comme l\u2019or ou le silver. J\u2019ai obtenu un dipl\u00f4me de la Crypto Academy sur les fondamentaux techniques du Bitcoin et poss\u00e8de une exp\u00e9rience de plus de 5 ans dans le journalisme et l\u2019\u00e9criture d\u2019articles p\u00e9dagogiques. J\u2019ai notamment \u00e9crit de nombreuses masterclass pour \u00e9duquer les nouveaux venus dans l'industrie et plus de 10 000 articles et news.J\u2019ai \u00e9galement pu interviewer de nombreux fondateurs et cr\u00e9ateurs de projets dans la crypto comme Marc Lebreton (chef marketing de la blockchain SUI), EJ Ayala (Coinbase US et Draftkings), et d\u2019autres projets comme Polyhedra (Eric Vreeland), Usual (Adli Takkal Bataille), ou encore Humanity Protocol (Jade Gu). J\u2019ai plong\u00e9 dans la cryptomonnaie il y a plus de 3 ans et continue de mettre tout en \u0153uvre pour fournir du contenu de qualit\u00e9, avec de l\u2019expertise et la neutralit\u00e9 attendue d\u2019un journaliste. Retrouvez moi aussi sur X pour des analyses et sur Linkedin pour me contacter.","sameAs":["https:\/\/www.linkedin.com\/in\/charles-ledoux-508392239\/","https:\/\/x.com\/charl3li"],"url":"https:\/\/investx.fr\/en\/author\/charles-ledoux\/"}]}},"_links":{"self":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts\/25709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/comments?post=25709"}],"version-history":[{"count":1,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts\/25709\/revisions"}],"predecessor-version":[{"id":25715,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/posts\/25709\/revisions\/25715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/media\/25708"}],"wp:attachment":[{"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/media?parent=25709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/categories?post=25709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investx.fr\/en\/wp-json\/wp\/v2\/tags?post=25709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}