Hailey Welch, famously referred to as “Hawk Tuah Lady” after her viral video sensation, has lastly addressed the fallout from the surprising crash of her meme coin, $HAWK.
The coin, which launched with large hype on December 4, skyrocketed to a $490 million market cap inside hours. Nevertheless, the celebration was short-lived, as its worth plummeted to below $100 million in mere minutes, leaving buyers reeling from lots of of hundreds of {dollars} in losses.
Whereas Welch herself just isn’t named within the lawsuit towards $HAWK’s creators, the buyers have accused them of “unlawfully selling and promoting cryptocurrency that was allegedly by no means correctly registered,” based on The Hollywood Reporter. Now, after weeks of silence, Welch has damaged her quiet, addressing the controversy and providing her cooperation within the ongoing investigation.
In a press release shared on Twitter, Welch expressed her concern for these affected by the crash, saying, “I take this example extraordinarily severely and wish to handle my followers, the buyers who’ve been affected, and the broader neighborhood. I’m totally cooperating with and am dedicated to helping the authorized staff representing the people impacted, in addition to to assist uncover the reality, maintain the accountable events accountable, and resolve this matter.”
She additionally inspired anybody who suffered losses associated to the coin’s collapse to succeed in out for authorized help, sharing a hyperlink to Burwick Regulation: “When you’ve got skilled losses associated to this, please contact Burwick Regulation utilizing the hyperlink under: https://burwick.legislation/newclient.”
The $HAWK catastrophe serves as yet one more cautionary story in regards to the risky and dangerous world of cryptocurrency investments, particularly within the meme coin market. Welch’s involvement, whereas restricted to her viral fame, has put her within the highlight as buyers proceed their authorized battle for accountability.
What do you consider Hailey Welch’s response to the controversy? Ought to influencers be held accountable for initiatives they promote? Please share your ideas and suggestions within the remark part under.
December 20, 2024 2:43 pm
