During the early term of the self-proclaimed 'crypto president,' scams within the cryptocurrency landscape are increasing. The case of Paul Krugman is particularly noteworthy; a hacker compromised his account to promote a fake cryptocurrency called $NYTC, falsely claiming it was associated with The New York Times. Krugman, recognized for his skepticism of cryptocurrency, promptly denied any affiliation or endorsement of the scam on another platform. This incident showcases how even critics of crypto are not immune to such malicious attacks, emphasizing the growing prevalence of crypto-related scams.
Driven by a belief that decentralized financial tools can empower traditional media and catalyze social progress, Krugman spearheaded the development of NYTC.
In a bold move that redefines the intersection of journalism and digital finance, The New York Times has launched its very own cryptocurrency on the Solana blockchain.
If anything appears there, it's not me,
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