Hailey Welch’s reaction to being sued exposed.
Internet sensation Haliey Welch, famously known as ‘Hawk Tuah Girl’, has finally addressed the controversy surrounding her cryptocurrency venture.
Hailey Welch’s rise to fame highlighted.
Welch, a 22-year-old from Belfast, Tennessee, shot to fame after a viral video at the CMA Music Festival.
In the video, she humorously advised giving a “hawk tuah” to please a man, amassing millions of views.
Embracing her newfound fame, Welch quit her job at a spring factory and launched a podcast, “Talk Tuah.”
She also started a charitable foundation, Paws Across America, supporting animal charities.
Welch’s rapid rise transformed her into a social media influencer with over 2.5 million Instagram followers.
However, her venture into cryptocurrency has cast a shadow over her burgeoning career.
The downfall of $HAWK profiled.
Welch’s memecoin, $HAWK, launched earlier this month, initially soaring to a market cap of nearly $500 million.
However, within 20 minutes, the coin’s value plummeted to just $41 million, leaving investors reeling.
One distraught fan lamented online, “I am a huge fan of Hawk Tuah but you took my life savings.”
The fan continued, “I purchased your coin $HAWK that you were so excited about with my life savings and children’s college education fund as well.”
Hailey Welch’s response to cryptocurrency scandal confirmed.
Welch initially responded on December 6, stating, “Team hasn’t sold one token and not 1 KOL was given 1 free token.”
She added, “We tried to stop snipers as best we could through high fees in the start of launch.”
Despite her assurances, the backlash intensified, leading to a class-action lawsuit filed by Burwick Law on December 19.
The controversy has sparked widespread debate about the risks associated with influencer-endorsed cryptocurrencies.
Financial experts caution against investing in such ventures without thorough research.
Welch’s situation mirrors other celebrity-endorsed crypto projects that have faced legal scrutiny.
The outcome of the lawsuit could have significant implications for Welch’s career and reputation.
Cryptocurrency lawsuit explained.
The lawsuit alleges the unlawful promotion and sale of the $HAWK token without proper registration.
Critics have accused Welch’s team of orchestrating a “pump-and-dump” scheme with the $HAWK token.
Welch’s team has vehemently denied these allegations, asserting they did not sell any tokens.
Notably, Welch herself is not named as a defendant in the lawsuit.
The defendants include Tuah The Moon Foundation, OverHere Ltd, executive Clinton So, and promoter Alex Larson Schultz.
The lawsuit seeks damages exceeding $151,000, highlighting significant investor losses.
In response to the lawsuit, Welch broke her two-week silence on social media.
Hailey Welch’s response to lawsuit profiled.
She stated, “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community.”
Welch emphasized, “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted.”
She expressed her intent to “help uncover the truth, hold the responsible parties accountable, and resolve this matter.”
Welch urged affected investors to contact Burwick Law for assistance.
Hailey’s career hangs in the balance.
Fans and critics alike are closely watching how she navigates this challenging period.
Welch’s commitment to cooperating with legal proceedings may influence public perception.
Only time will tell if ‘Hawk Tuah Girl’ can recover from this financial fiasco and regain her audience’s trust.