cryptocurrency market
Cryptocurrency market
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Hawk tuah girl cryptocurrency
In the episode, she was joined by FaZe Clan’s founder, Banks, who comforts her as she breaks down in tears over the ordeal.However, the episode was soon deleted and Banks hit out at Welch’s team on X, raising suspicions about how the now-deleted podcast made it online, when he hadn’t green-lit it.
Welch hoped to assure her fans and anyone who had invested in the cryptocurrency, as she issued a statement: “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community.
The defendants will be given an opportunity to replay to the lawsuit and will likely seek a summary judgment in their favor. If the judge does not grant summary judgment, pretrial motions will begin. Plaintiffs are seeking a jury trial and, if granted, a jury would decide damages if the lawsuit is successful.
OverHere, the platform for $HAWK token, said: “We believed in that vision so much that pushed harder and harder, perhaps through rose-tinted glasses and naivety about others’ intentions, even as the project began to unravel.”
The U.S. Securities and Exchange Commission launched an investigation after Haliey’s meme coin, “$HAWK token,” crashed in value after a rapid rise … and left lots of investors — many of them first-timers — holding the bag.
“I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter. If you have experienced losses related to this, please contact Burwick Law using the link below:
Hawk tuah girl cryptocurrency lawsuit
The nature of Welch’s cooperation with Burwick Law is also unclear, but presumably she has a digital paper trail to prove that she was deceived or misadvised by her crypto partners — if indeed that is the case. Such material would likely bolster the lawsuit’s allegations of securities violations.
Lawyers for the investors wrote in their Dec. 19 court filing that the lawsuit “arises from the unlawful promotion and sale of the Hawk Tuah cryptocurrency memecoin, known as the “$HAWK” token (the “Token” or “$HAWK”), which Defendants offered and sold to the public without proper registration.”
The day after the coin’s turbulent launch, So made the Tuah Foundation an off-shore entity and sold 17% of the tokens through the foundation to a group of people to escape securities laws, according to the complaint.
The 29-page cryptocurrency lawsuit was filed following the December 2024 launch of the $HAWK token, a memecoin based on the personal brand of social media personality Haliey Welch—known across the internet as the “Hawk Tuah Girl.”
In a statement shared to X, Welch said, “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community.” She added, “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.”