Viral web star Haliey Welch, greatest often known as “Hawk Tuah Girl,” has spoken out for the primary time in weeks following the crypto crash of her meme coin $HAWK mere hours after its launch.
On Thursday, a lawsuit, filed within the U.S. District Court in New York, was filed in opposition to the $HAWK creators. Filed by traders, it accuses overHere Ltd., its founder, Clinton So, and social media influencer, Alex Larson Schultz, in addition to the Tuah The Moon Foundation of unlawfully selling and promoting cryptocurrency that was allegedly by no means correctly registered. Welch, nevertheless, just isn’t named as a defendant within the swimsuit.
Meme cash are cryptocurrencies impressed by web memes or cultural developments. They depend on humor or the promise of a enjoyable group to draw customers, however for that reason are additionally extraordinarily unstable and usually thought of of little worth.
On Dec. 4, when $HAWK tokens have been launched, the meme coin rose to a $490 million market cap, earlier than tanking by 95 % inside minutes to beneath $100 million. According to studies, traders misplaced a mixed $151,000. The swimsuit additionally accuses the staff of exploiting Welch’s recognition to market the token, claiming insider buying and selling and misleading promotional practices occurred.
After two weeks of silence, Welch spoke out on Friday about her dedication to assist those that have misplaced cash. She wrote on X: “I take this example extraordinarily severely and need to handle my followers, the traders who’ve been affected, and the broader group. I’m totally cooperating with and am dedicated to aiding the authorized staff representing the people impacted, in addition to to assist uncover the reality, maintain the accountable events accountable, and resolve this matter.”
The 22-year-old continued: “If you’ve skilled losses associated to this, please contact Burwick Law utilizing the hyperlink beneath.” Welch has maintained she didn’t have an energetic function within the $HAWK coin rollout.
Billionaire investor Mark Cuban has stepped in to defend Welch via the aftermath. “It wasn’t one thing she totally understood,” he stated throughout a podcast with The Washington Post‘s Jules Terpak. “But she trusted the individuals round her.”
The Hollywood Reporter has reached out to Welch’s staff and a rep for Betr Media.
