Hailey Welch, the influencer behind the viral ‘Hawk Tuah’ TikTok video, has released a statement after a memecoin bearing her handle pumped and dumped quickly after its December launch.
In a Dec. 20 X post, Welch said she was “fully cooperating” with lawyers who represented investors in the Hawk Tuah (HAWK) token.
The crypto users filed a lawsuit against the project’s creators and partners – Welch herself was not named as a defendant in the suit – alleging they engaged in the promotion and sale of an unregistered securities offering.
A statement posted to X on Dec. 20. Source: Hailey Welch
On Dec. 4, the HAWK token launched, rising to a market capitalization of roughly $500 million before quickly dropping by 90%, prompting many users to speculate there had been a rug pull. […]
— Read More: www.zerohedge.com
