Where? What are your main sources of information?

Adams legally defrauds thousands, makes over $2.5M with a rug pull on a NYC themed crypto coin he has launched.

It was a rugpull. pic.twitter.com/2x4jyHWa8A

— Ian Miles Cheong (@ianmiles) January 13, 2026

FORMER NYC MAYOR JUST RUGPULLED 🚨

Eric Adams, former NYC mayor, launched his own $NYC memecoin.

The coin immediately hit $500 million in the market cap before Eric withdrew liquidity from the coin.

This caused a massive 80% crash, and the token went below $100 million.

As… pic.twitter.com/Z06sKtZxwA

— Ash Crypto (@AshCrypto) January 13, 2026

Cal88 said:

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Adams legally defrauds thousands, makes over $2.5M with a rug pull on a NYC themed crypto coin he has launched.

It was a rugpull. pic.twitter.com/2x4jyHWa8A

— Ian Miles Cheong (@ianmiles) January 13, 2026

FORMER NYC MAYOR JUST RUGPULLED 🚨

Eric Adams, former NYC mayor, launched his own $NYC memecoin.

The coin immediately hit $500 million in the market cap before Eric withdrew liquidity from the coin.

This caused a massive 80% crash, and the token went below $100 million.

As… pic.twitter.com/Z06sKtZxwA

— Ash Crypto (@AshCrypto) January 13, 2026

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So the value dropped $400 million and Adams got $2.5 million. That's one shrewd criminal mastermind!

I don't think you understand the concept.

He ended up getting $3.5M by pulling all his shares out when the total float was $500M. That's what a rug pull in crypto is. Trump and Milei did the same thing in their crypto projects.

Cal88 said:

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I don't think you understand the concept.

He ended up getting $3.5M by pulling all his shares out when the total float was $500M. That's what a rug pull in crypto is. Trump and Milei did the same thing in their crypto projects.

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So who got the other 99+ percent of the money? The other $396.5 million must have lined someone's pockets. I'm more outraged about that than I am about Adams. Yes, I am outraged about Adams, but we're ignoring the bigger picture here.

Most of the $400M loss was just the sharp drop in price of that scam coin once its headliner Adams cashed out, it resulted in a loss of confidence in that virtual product. People did not invest $500M into that crypto coin, they put in a fraction of that and the price shot up for speculative reasons, but whoever bought in when the float was above $100M got burned, it's a classic pyramid scheme. The price might yet collapse to zero.

Imagine if Mamdani was involved in such a scam.

Cal88 said:

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Most of the $400M loss was just the sharp drop in price of that scam coin once its headliner Adams cashed out, it resulted in a loss of confidence in that virtual product. People did not invest $500M into that crypto coin, they put in a fraction of that and the price shot up for speculative reasons, but whoever bought in when the float was above $100M got burned, it's a classic pyramid scheme. The price might yet collapse to zero.

Imagine if Mamdani was involved in such a scam.

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Well Adams isn't the mayor right now, I assume the outrage would be greater if he was.

^This was not his first rodeo in the corruption stakes, far from it.

Cal88 said:

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^This was not his first rodeo in the corruption stakes, far from it.

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I didn't say it was, just that he's not currently mayor

This is why the Dem establishment is so scared of Zohran - not because his policies are unrealistic, but precisely because he IS getting them done, and it exposes their own failures to achieve progress as intentional. https://t.co/6fZZmbDB1i

— A Left-Wing Account ™️ (@PushDemsLeft) January 19, 2026