The coin surged in early trading before plunging, after an account tied to the launch withdrew millions in proceeds, raising alarm among investors.

Officials tied to the venture insisted no money had been stolen, but the withdrawal caused the coin’s value to plunge.

Eric Adams may no longer be mayor of New York City, but the alleged corruption in his administration is extending beyond his time in City Hall.On Tuesday, federal prosecutors charged Tony Herbert, a former official in the Office of the Mayor,

The confrontation, originally posted to Reddit, shows Adams trading barbs with a masked flier as they disembark a flight from New York to Texas.

Anthony Herbert faces charges for bribery and extortion, wire fraud, and federal program fraud and was arraigned in federal court on Tuesday.

A friend and aide to the scandal-scarred former mayor was hit with bribery accusations from the Department of Justice.

Tony Herbert, a former aide in Eric Adams' administration, was arrested Tuesday morning, accused of accepting $16,000 in bribes and kickbacks.

Former NYC mayoral staffer accused of pocketing thousands of dollars in alleged bribery schemes while working for Eric Adams administration faces federal charges.

Tom Donlon has already accused the police department of operating as a criminal enterprise under the former mayor.