Former Mayor Eric Adams Hijacked 'NYC Token' Concept, Startup Claims
A startup has accused former New York City Mayor Eric Adams of appropriating their concept for a digital currency called "NYC Token." The company, which had been developing the idea for over a year, claims that Adams announced a similar initiative without their involvement or consent. The startup alleges that this move undermines their efforts and raises concerns about intellectual property rights. Adams' office has not publicly responded to the accusations. The controversy highlights ongoing tensions between government officials and private entities in the evolving cryptocurrency landscape.
Read the full article: Decrypt