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🚨 How People Got Scammed by an Ex New York Mayor's Memecoin
The Hype That Turned Into a Nightmare 💸
Former NYC Mayor Eric #Adams launched "NYC Token" at a flashy Times Square press conference in January 2026. He promised it would somehow combat antisemitism (yeah, we're confused too 🤔). The coin's market cap skyrocketed to $600 million almost instantly.
The Crash That Shocked Everyone 📉
Just 30 minutes after launch, disaster struck. The token crashed over 81% in what's called a "rug pull", basically, the developers yanked their money and ran. A wallet linked to the team withdrew $2.5 million, leaving investors holding worthless tokens.
Real People, Real Losses 😔
One trader lost $473,500 in under 20 minutes. That's a 63.5% loss in the time it takes to watch a sitcom episode. Roughly $500 million in paper value vanished into thin air.
The "Not Us!" Defense 🙄
Adams' team claimed they didn't withdraw anything, just their "market maker" making "adjustments." Right. This is the same guy who called himself the "$BTC Mayor" and took his paychecks in crypto.
The Lesson? If a politician launches a memecoin, run. 🏃♂️
#memecoin #scam #NYCTokenScandal
The Hype That Turned Into a Nightmare 💸
Former NYC Mayor Eric #Adams launched "NYC Token" at a flashy Times Square press conference in January 2026. He promised it would somehow combat antisemitism (yeah, we're confused too 🤔). The coin's market cap skyrocketed to $600 million almost instantly.
The Crash That Shocked Everyone 📉
Just 30 minutes after launch, disaster struck. The token crashed over 81% in what's called a "rug pull", basically, the developers yanked their money and ran. A wallet linked to the team withdrew $2.5 million, leaving investors holding worthless tokens.
Real People, Real Losses 😔
One trader lost $473,500 in under 20 minutes. That's a 63.5% loss in the time it takes to watch a sitcom episode. Roughly $500 million in paper value vanished into thin air.
The "Not Us!" Defense 🙄
Adams' team claimed they didn't withdraw anything, just their "market maker" making "adjustments." Right. This is the same guy who called himself the "$BTC Mayor" and took his paychecks in crypto.
The Lesson? If a politician launches a memecoin, run. 🏃♂️
#memecoin #scam #NYCTokenScandal
🚨 ALERT: Scammers are mailing fake Trezor and Ledger letters with QR codes that lead to phishing sites designed to steal users’ crypto wallet recovery phrases.
#scam #scamriskwarning $BTC
#scam #scamriskwarning $BTC
TOP CRYPTO SCAMMERS CAUGHT
1️⃣ Sam Bankman-Fried
Founder of FTX.
- The exchange collapsed.
- Billions of customers disappeared.
- Found guilty of fraud in the USA.
2️⃣ Do Kwon
Creator of Terra/LUNA.
- Ecosystem crash of ~$40 billion.
- Arrested and undergoing court proceedings.
3️⃣ Ruja Ignatova
Creator of OneCoin.
- Pyramid worth over $4 billion.
- Wanted by the FBI.
❓ Audience question:
Founder of FTX.
- The exchange collapsed.
- Billions of customers disappeared.
- Found guilty of fraud in the USA.
2️⃣ Do Kwon
Creator of Terra/LUNA.
- Ecosystem crash of ~$40 billion.
- Arrested and undergoing court proceedings.
3️⃣ Ruja Ignatova
Creator of OneCoin.
- Pyramid worth over $4 billion.
- Wanted by the FBI.
❓ Audience question:
😐 The developer was almost 'removed' due to a shield he did not create
The creator of OpenClaw — Peter Steinberger — recounted how his project almost perished… due to crypto speculators.
The startup was bought by OpenAI — it seemed, just live and rejoice.
But at the same time, some enthusiasts launched a left token, attaching it to the product without the author's consent.
Then the pressure began:
The startup was bought by OpenAI — it seemed, just live and rejoice.
But at the same time, some enthusiasts launched a left token, attaching it to the product without the author's consent.
Then the pressure began:
The Sad Reality of Altcoins
If at any point during your journey in cryptocurrencies you made a small investment in some "unknown gem" hoping to double, triple, or quintuple your capital and now you find that you have lost 99% of the investment, let me tell you that you are not alone.
This is what happened to practically all altcoins. Slowly and inadvertently, they were devalued until they reached 0.
We were deceived by false bullish movements of +100% from time to time.
But the trick was that it rose from $0.05 to $0.10. A 100%, but your purchase price was close to $1.
Moreover, a week later it was worth $0.05 again. And a month later $0.02...
The chart I share is that of Sonic, but it could be that of any altcoin.
In summary, altcoins are a bet with a very high percentage of losing all your money.
If you expect to recover with an "Altseason", pray that it is a strong one, because they would have to rise more than 1000% to approach previous highs.
Tell me, did this happen to you? With which Altcoins?
$BTC
$ETH
$XRP
#Altcoins #Scam #Altseason #BinanceSquareFamily
If at any point during your journey in cryptocurrencies you made a small investment in some "unknown gem" hoping to double, triple, or quintuple your capital and now you find that you have lost 99% of the investment, let me tell you that you are not alone.
This is what happened to practically all altcoins. Slowly and inadvertently, they were devalued until they reached 0.
We were deceived by false bullish movements of +100% from time to time.
But the trick was that it rose from $0.05 to $0.10. A 100%, but your purchase price was close to $1.
Moreover, a week later it was worth $0.05 again. And a month later $0.02...
The chart I share is that of Sonic, but it could be that of any altcoin.
In summary, altcoins are a bet with a very high percentage of losing all your money.
If you expect to recover with an "Altseason", pray that it is a strong one, because they would have to rise more than 1000% to approach previous highs.
Tell me, did this happen to you? With which Altcoins?
$BTC
$ETH
$XRP
#Altcoins #Scam #Altseason #BinanceSquareFamily
The RIVERUSDT chart displays classic "pump and dump" architecture, a hallmark of manipulative schemes. After a parabolic surge fueled by concentrated whale holdings—where just 5 wallets reportedly control 94% of the supply—the price has entered a brutal "waterfall" decline.
The vertical drop from $18.34 to $13.61 in a matter of hours signals a massive "soft rug pull," where early insiders dump their bags on retail traders. With futures volume exceeding spot trading by over 80 times, this is a high-leverage trap designed for exit liquidity. Without organic utility, this "bottom-fishing" bounce is likely a dead cat bounce before the final collapse. Proceed with extreme caution.
$RIVER
#scam
#RİVER
#DumpandDump
The vertical drop from $18.34 to $13.61 in a matter of hours signals a massive "soft rug pull," where early insiders dump their bags on retail traders. With futures volume exceeding spot trading by over 80 times, this is a high-leverage trap designed for exit liquidity. Without organic utility, this "bottom-fishing" bounce is likely a dead cat bounce before the final collapse. Proceed with extreme caution.
$RIVER
#scam
#RİVER
#DumpandDump
Santiago 10:
don't talk nonsense 😅
🤑I sold all my crypto in September 2025...
Sold at the highs. On 10/10, a day before my birthday, I shorted several altcoins with a 20x leverage. Spoiler: it was the best gift that crypto has ever given me.
Yesterday I closed these positions. I'm in huge profit and plan to take a break until the sun comes out from behind the clouds again.
I'm planning to fly to Malta, open a bank account, cash out a bit, and then buy my dream house…
The list can go on — if it were true and not a dream🤣
#scam
Sold at the highs. On 10/10, a day before my birthday, I shorted several altcoins with a 20x leverage. Spoiler: it was the best gift that crypto has ever given me.
Yesterday I closed these positions. I'm in huge profit and plan to take a break until the sun comes out from behind the clouds again.
I'm planning to fly to Malta, open a bank account, cash out a bit, and then buy my dream house…
The list can go on — if it were true and not a dream🤣
#scam
62% of Crypto Press Releases Linked to High-Risk or Scam Projects, Report Finds
A new Chainstory report analyzing 2,893 crypto press releases distributed between June and November 2025 found that 62% originated from projects classified as High Risk or confirmed Scam. Only 27% came from Low Risk entities with transparent teams and regulatory registration.
Nearly 49% of releases focused on product updates, while 24% covered exchange listings. Just 2% related to funding or corporate finance events. Tone analysis showed that only 10% of releases were neutral, with the majority categorized as promotional or overstated.
The report highlights how crypto newswires enable guaranteed paid placement across multiple crypto media sites without editorial review. In many cases, these paid crypto press releases are formatted to resemble organic news articles, yet disclosure is not always clear or prominent, raising serious transparency concerns under FTC native advertising standards.
The findings suggest that crypto press release distribution functions largely as a marketing channel for token promotions, exchange listings, and crypto presales, rather than a traditional news pipeline.
TheHolyCoins has also reported on cases where aggressive pre-launch promotional campaigns preceded sharp post-listing declines. In one example, Lightchain AI raised approximately $21 million in a crypto presale before experiencing a significant price drop after launch.
As crypto markets remain sentiment-driven, the distinction between paid promotion and independent journalism continues to shape investor perception.
Link to the full article in the comments.
#CryptoNews #CryptocurrencyNews #scam #ScamAwareness #Presale
A new Chainstory report analyzing 2,893 crypto press releases distributed between June and November 2025 found that 62% originated from projects classified as High Risk or confirmed Scam. Only 27% came from Low Risk entities with transparent teams and regulatory registration.
Nearly 49% of releases focused on product updates, while 24% covered exchange listings. Just 2% related to funding or corporate finance events. Tone analysis showed that only 10% of releases were neutral, with the majority categorized as promotional or overstated.
The report highlights how crypto newswires enable guaranteed paid placement across multiple crypto media sites without editorial review. In many cases, these paid crypto press releases are formatted to resemble organic news articles, yet disclosure is not always clear or prominent, raising serious transparency concerns under FTC native advertising standards.
The findings suggest that crypto press release distribution functions largely as a marketing channel for token promotions, exchange listings, and crypto presales, rather than a traditional news pipeline.
TheHolyCoins has also reported on cases where aggressive pre-launch promotional campaigns preceded sharp post-listing declines. In one example, Lightchain AI raised approximately $21 million in a crypto presale before experiencing a significant price drop after launch.
As crypto markets remain sentiment-driven, the distinction between paid promotion and independent journalism continues to shape investor perception.
Link to the full article in the comments.
#CryptoNews #CryptocurrencyNews #scam #ScamAwareness #Presale
👉$PIPPIN is dumping exactly the way we discussed last night in the live broadcast and again this morning when I shared the proper analysis post. I hope you guys listened and followed. If you did, congratulations you should be in good profit right now. Just hold it tight. The first stop is around $0.3; from there it may take a small pullback and then dump again toward $0.1. So, who’s with me in this trade?
#Pippin
#Scam
#dumpiscoming
#Pippin
#Scam
#dumpiscoming
Lorine Bemrich VWey:
I m in
SAFEMOON SCAM EXPOSED: CEO JAILED 🚨
Former Safemoon CEO gets 100 months in federal prison. Massive fraud revealed. Investors defrauded. Millions in assets seized. Justice served. The rug pull is over. Get out now. This is a warning.
Disclaimer: This is not financial advice.
#safemoon #crypto #scam #jailtime 🚨
Former Safemoon CEO gets 100 months in federal prison. Massive fraud revealed. Investors defrauded. Millions in assets seized. Justice served. The rug pull is over. Get out now. This is a warning.
Disclaimer: This is not financial advice.
#safemoon #crypto #scam #jailtime 🚨
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