The NYC official token faced significant liquidity issues after substantial fund withdrawals. Reports indicate the New York mayor's involvement in removing liquidity pools from the project. This development highlights risks associated with government-backed crypto initiatives and raises questions about governance and accountability in such ventures. The incident serves as a cautionary tale for investors evaluating municipal blockchain projects.
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SignatureLiquidator
· 5h ago
Government coins are sold off immediately after being handed over. This time, New York City's mayor is really playing it slick...
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RektRecovery
· 5h ago
lmao knew this was coming... gov + crypto = security theater every single time. predictable vulnerability tbh
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CountdownToBroke
· 5h ago
Government coins crash immediately upon release. Now, the mayor personally dumps the market, who would still dare to touch this stuff?
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SquidTeacher
· 5h ago
The mayor is squeezing his own project, this move is truly brilliant.
The NYC official token faced significant liquidity issues after substantial fund withdrawals. Reports indicate the New York mayor's involvement in removing liquidity pools from the project. This development highlights risks associated with government-backed crypto initiatives and raises questions about governance and accountability in such ventures. The incident serves as a cautionary tale for investors evaluating municipal blockchain projects.