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Hailey Welch, the influencer behind the viral 'Hawk Tuah' TikTok video, is cooperating with lawyers after allegations of a rug pull involving the HAWK memecoin, which saw a rapid rise to $500 million before plummeting 90%. Although not named in a lawsuit against the project's creators, Welch urged affected investors to seek legal counsel, emphasizing her serious approach to the situation. The SEC's stance on tokens as securities may impact potential legal outcomes as regulatory changes loom.
Hailey Welch, known as the "Hawk Tuah Girl," faces a lawsuit after her Hawk Tuah memecoin crashed 95%, leading to significant investor losses. The lawsuit alleges fraudulent practices, including a "rug pull," and claims that Welch's promotion misled many new investors. Accusations of insider trading have also emerged, with concerns over the project's management and tokenomics.
Haliey Welch, known as the "Hawk Tuah" girl, faces a federal lawsuit after her meme coin, HAWK, plummeted 93% shortly after launch, leading to allegations of rug-pulling and insider collusion. The lawsuit, filed by Burwick Law, claims investors suffered over $151,000 in damages, naming several defendants including Welch and Doc Hollywood. Amid the fallout, Welch has remained silent on social media, while her partners blame each other for the project's failures.
Hailey Welch, known as the "Hawk Tuah" girl, has been silent for 13 days following the disastrous launch of her HAWK meme coin, which plummeted over 93% shortly after its debut. Allegations of a rug pull have emerged, with her launch partners, OverHere, now claiming they were misled by a mysterious figure involved in the project. Despite their attempts to clarify the situation, Welch has yet to respond or provide any updates to her concerned followers.
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