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The group behind the viral “Hawk Tuh Girl” meme coining Hailey Welch’s name has suffered a blow. trial from investors after the $HAWK coin crashed within hours of its launch.
The complaint filed in New York on Thursday accuses the Tuh the Moon Foundation; Overhear Limited and Founder Clinton So; And influential Alex Larson Schultz, known as “Doc Hollywood,” accused of illegally selling and promoting the coin, which was allegedly not a registered security, according to The New York Post.
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A representation of cryptocurrencies can be seen in this illustration photo taken in Kraków, Poland on November 14, 2022. (Jakub Porzycki/Nurfoto via Getty Images/Getty Images)
Welch was not named in the lawsuit and addressed the situation on social media Friday.
“I take this situation extremely seriously and want to address my fans, affected investors, and the broader community,” she wrote on X. “I am fully cooperating and committed to assisting the legal team representing the affected individuals.” , as well as to uncover the truth, hold responsible parties accountable, and help solve this case.”
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Welch directed anyone who suffered losses from $HAWK coin To contact Berwick Law Firm.
Haley Welch appears at the SiriusXM studios in Los Angeles on July 31. (Michael Tullberg/Getty Images/Getty Images)
$HAWK was launched on December 5, and Welch promoted it on his social media. The meme coin quickly reached a market cap of $490 million, but within hours its valuation dropped to just $41.7 million.
Haley Welch appears at the SiriusXM studios in Los Angeles on July 31. (Michael Tullberg/Getty Images/Getty Images)
Welch told Fortune at the time that Hawke’s intention was not to make a “cash grab”.
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22 year old overnight celebrity She said that while she used to view cryptocurrency as a scam, she changed her mind because it’s “a fun way to interact with my fans.”
Fox Sports’ Scott Thompson contributed to this report.
