Hailey Welch of’ Hawk Tuah ‘ popularity emerged from slumber after she was accused of a big crypto fraud that resulted in the loss of thousands of her supporters who invested in the$ Eagle gold. Claims were filed against the base that handled the income from the image gold sales, while Hailey Welch’s advisers claimed that they were blindsided by the other lovers who worked on the project.
The$ HAWK coin was launched on December 4. After a big jump, it lost more than 95 per cent on its price in a single day. Lawyers for the investors wrote in their December 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”.
” Through extreme promotional strategies and promises of future development, Plaintiffs created a speculative frenzy that caused the Token’s business value to rise shortly after launch, reaching a major market capitalization. Defendants utilized Welch’s superstar status and links to improve the Token’s credibility and appeal, including discussing the$ HAWK project during Welch’s podcasts featuring renowned friends”, the filing said.
Though Hailey Welch was not named in the lawsuit, she earlier issued a statement saying that she would be cooperating with the legal process.
In the latest podcast, she can be seen getting emotional over the episode and how she should not have trusted the “friend of a friend” who is to be blamed for the entire incident, she said. ” I probably should have looked into him a little bit more”, Welch said adding that the idea was brought to her as a “long-term coun” that “would change the way everybody thinks about crypto”.
” And I feel really bad for all the people that got affected by it”, Welch said. ” And it just didn’t go the way I planned”.
