Former New York City Mayor Eric Adams has once again denied profiting from or moving funds related to the NYC Token, after new allegations surfaced. The token, which briefly traded at $0.58 before collapsing to below $0.10 in its first hour, triggered rug pull accusations. Blockchain data previously linked the drop to a $2.5 million liquidity withdrawal by a wallet associated with the token’s deployer, with $900,000 still unreturned. Adams insists reports of his involvement are false, as scrutiny over the project's transparency remains high.