Haliey Welch, known as the “Hawk Tuah Girl,” is facing legal issues linked to her involvement with the controversial HAWK meme coin. Although she is not named in the lawsuit, her participation misled many investors into believing the cryptocurrency was a registered security. The HAWK coin had a dramatic rise to a $490 million Market cap but then plummeted by 90%, leading to a lawsuit seeking over $151,000 in damages from the project’s promoters. In a statement, Welch expressed her commitment to cooperating with legal efforts to resolve the situation and support affected investors. This incident serves as a cautionary tale for viral stars and influencers involved in cryptocurrency projects.
Haliey Welch, popularly known as the “Hawk Tuah Girl,” is facing legal challenges over the HAWK meme coin that skyrocketed to popularity but plummeted in value. The coin, created by a group that includes influencer Alex Larson Schultz and Clinton So from the Tuah the Moon Foundation, is being sued by investors who claim that it was not properly registered as a security. Investors lost a substantial amount when the coin’s value dropped from a $490 million Market cap to nearly nothing in a matter of hours.
Welch’s name is mentioned throughout the lawsuit, with plaintiffs arguing that her involvement misled many first-time investors into believing HAWK was a legitimate investment. Though she isn’t named as a defendant, the lawsuit suggests that Welch played a significant role in attracting investors to the project with her online presence.
In response to the lawsuit, Welch stated that she takes the situation seriously and aims to support those affected. She emphasized her commitment to cooperating with the legal teams involved. Meanwhile, a spokesperson for overHere—the web3 company behind HAWK—claims they acted transparently and have done nothing wrong regarding the token’s launch.
This situation serves as a cautionary tale for internet celebrities involved in cryptocurrency projects. It highlights the need for due diligence, especially when their influence can impact financial decisions made by fans and investors.
Stay informed on this developing story and follow the latest updates surrounding the HAWK meme coin lawsuit.
Tags: Haliey Welch, Hawk Tuah Girl, cryptocurrency, HAWK coin, meme coin lawsuit, investor loss, web3 projects.
Frequently Asked Questions about Hawk Tuah Girl’s Statement on Crypto Lawsuit
What is the main issue in the lawsuit involving Hawk Tuah Girl?
The lawsuit is about claims related to cryptocurrency practices that Hawk Tuah Girl has been involved in, including alleged misleading information about crypto investments.
What did Hawk Tuah Girl say in her statement?
In her statement, Hawk Tuah Girl expressed her commitment to transparency and denied any wrongdoing. She assured her followers that she is cooperating with the legal process.
How could this lawsuit affect her brand?
The lawsuit could damage her reputation and influence her followers’ trust in her brand. However, she hopes to clarify the situation and regain trust through her statement.
Are there any details on what happens next in the lawsuit?
No specific timeline was provided for what happens next. The legal process can take time, and updates will be shared as they occur.
What should fans do while the lawsuit is ongoing?
Fans are encouraged to stay informed but to remain cautious about any claims related to crypto investments. It’s always wise to do thorough research before making financial decisions.
