Eric Adams faces $3M rugpull allegation after issuing NYC Token

(coindesk.com)

8 points | by PaulHoule 13 hours ago ago

12 comments

  • quantified 13 hours ago ago

    > and when you look at this coin, our New York City Coin, the money that is generated from this coin, we’re going to zero in on how do we stop this massive increase of antisemitism across our country and across the globe, really, and how do we deal with the increase in anti-Americanism?”

    Not that the goals have anything to do with NYC, only for MAGA talking points

    • PaulHoule 12 hours ago ago

      That kind of talk sells to certain people who live in NYC -- many of whom might be inclined to vote Democratic if it wasn't for that issue.

  • JumpCrisscross 12 hours ago ago

    Is this even illegal?

    • cyanydeez 10 hours ago ago

      Now adays the question is: who will enforce this and will they?

      • JumpCrisscross 8 hours ago ago

        > who will enforce this and will they?

        City DA. State AG. Adams is hated. This is political hay.

  • xenospn 12 hours ago ago

    If you buy a coin marketed by some douche, you deserve getting rug pulled. I mean, honestly. Who buys these?!

  • paulpauper 13 hours ago ago

    so sick of 'allegations', 'backlash', 'strong words', 'criticism', etc. when will ppl actually serve jail time for this.

    • toomuchtodo 13 hours ago ago

      When someone who cares about the law is in a position of power and elects to enforce it with said power. Until that point in time, grifters gonna grift.

  • sjsdaiuasgdia 13 hours ago ago

    He was under investigation for corruption. The case was very strong given the presence of some "heck yeah we'd love to do that illegal thing you suggested!" emails.

    The only reason the corruption prosecution stopped is Adams made a corrupt deal with Trump. Corruption on top of corruption.

    What kind of idiot would trust this openly corrupt person with their money? Who thought this was a legitimate offering in the first place?