Eric Adams, the former mayor of New York City, is under fire from the crypto community following allegations of a “rug pull” scheme involving a newly launched memecoin he promoted.
CoinDesk reports that Eric Adams, the former mayor of New York City, now finds himself at the center of controversy after promoting a memecoin that experienced suspicious liquidity withdrawals shortly after its launch. The incident has raised serious questions about the former mayor’s involvement in what many traders are calling a potential “rug pull” scam. In a crypto rug pull, a new crypto coin is aggressively promoted, then insiders suddenly withdraw their funds…
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