A 22-year-old social media influencer, Haliey Welch, also known as the “Hawk Tuah” girl, is facing accusations of being involved in a crypto rug pull scam. The controversy arose after the launch of HAWK, a Solana-based memecoin, which saw a drastic 95% drop in value shortly after its release. This led to suspicions of a rug pull scam, where creators inflate the price of a token and then sell off their holdings, causing investors to suffer significant losses.
In response to the class action lawsuit filed against her by New York-based Burwick Law on behalf of HAWK investors, Welch took to social media to address the situation. She expressed her commitment to cooperating with the legal team to uncover the truth, hold the responsible parties accountable, and resolve the matter. Welch emphasized the seriousness of the situation and her dedication to assisting those affected by the alleged scam.
The lawsuit filed against Welch involves claims related to investor protections under federal law and the launch of the HAWK TUAH memecoin on December 4, 2024. Despite the controversy surrounding HAWK, the token is currently trading at $0.00003409, representing a 2.1% decrease on the day. At its peak, the token was valued at $0.00008917 before the significant drop in value.
As the situation unfolds, investors and the broader community are closely monitoring developments related to the HAWK rug pull scam. Welch’s willingness to cooperate and address the allegations against her is a step towards transparency and accountability in the crypto space.
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