The Hawk Tuah Girl Crypto Scandal: What You Need to Know!

The Hawk Tuah Girl Saga Continues

Haliey Welch, popularly known as Hawk Tuah Girl, finds herself embroiled in legal troubles following the controversial launch of her meme coin, HAWK. A group of investors has filed a lawsuit against the team behind HAWK, claiming they failed to properly register the cryptocurrency as a security.

Photo: Tayfun Coskun/ Anadolu via Getty Images

The investors, who saw the coin’s market cap surge to $490 million only to plummet by 90% shortly after, are seeking damages exceeding $151,000 from Clinton So, the founder of overHere Ltd., the Tuah the Moon Foundation, and influencer Alex Larson Schultz. Though Welch is not named as a defendant, her involvement is heavily referenced in the lawsuit, with attorneys arguing that her participation misled investors into believing HAWK was a registered security.

The complaint highlights that many investors were new to cryptocurrency and were attracted to the project due to Welch’s influence. They claim the sudden decline in the token's value caused significant financial harm to those who relied on her participation and the project's promises.

In a recent statement on X, Welch expressed her concern for the affected investors, stating, “I take this situation extremely seriously. I am fully cooperating with and am committed to assisting the legal team representing those impacted.” She aims to uncover the truth and hold responsible parties accountable.

Meanwhile, a spokesperson for overHere maintains that they have acted transparently and done nothing wrong in the HAWK project. They assert their confidence in their legal standing concerning the lawsuit.

This ongoing saga serves as a cautionary tale for future viral celebrities in the crypto space: consider sticking to podcasting instead!