Girl Involved in Hawk Tuah Case Speaks Out Regarding Cryptocurrency Fraud Allegations
Girl Involved in Hawk Tuah Case Speaks Out Regarding Cryptocurrency Fraud Allegations
Hayley Welch, commonly recognized as Hawk Tuah Girl, is predominantly recognized for her chatty nature but has been silent for over two weeks post the crash of the branded memecoin $HAWK. However, Welch has resurfaced—not through a microphone but rather with a legally-worded statement following the news of a class action lawsuit filed against the team responsible for $HAWK and its unexpected collapse.
"I acknowledge the gravity of this situation and wish to communicate with my followers, the investors affected, and the broader community," Welch stated. "I am entirely cooperating with the legal team representing the victims and am committed to assisting them, as well as to uncover the truth, hold the responsible parties accountable, and resolve this matter."
Astrong sense of determination to find the culprit emanates from the latter part of her statement.
It's been quite some time since Welch, who inexplicably leapfrogged to internet fame through a solitary viral TikTok moment, has spoken about anything substantial. Prior to December 4, she continued her usual routine, which consisted of releasing Talk Tuah podcast episodes and relentlessly promoting $HAWK coin on Twitter. Once $HAWK officially launched on December 4 at 5 pm EST, its value took a substantial dive.
According to insights from TRM Labs, the coin launched with an initial market capitalization of $490. Within a few hours, its value dropped by 91% and the market cap plummeted to $41.7 million. Around 10 days later, the token's value essentially became worthless.
Welch and her team at overHere Ltd, the entity responsible for creating the $HAWK coin, used a Twitter Spaces stream to explain the situation on the night of the launch. However, the attempt to clarify matters ended disastrously. Crypto scam analyst and YouTuber Coffeezilla intervened and accused the creators of selling a significant portion of the tokens to insiders before the launch, while only releasing 3% for public trading and charging themselves exorbitant transaction fees. The ensuing situation bore a striking resemblance to a 'rug pull' that left many Hawk Tuah fans financially stranded.
The confrontation culminated with Welch, evidently exhausted, announcing her intention to retire for the night. "Well, I'm gonna hit the hay and see you all tomorrow," Welch said before signing off. Since then, she has been absent from the public eye. Interestingly, she has resurfaced just one day after $HAWK investors filed a class action lawsuit against the overHere team responsible for the memecoin. They allege combined losses of $151,000, which is unfortunate but also indicates that they invested such a large sum in a memecoin centering around Hawk Tuah girl. Welch is not currently named as a defendant in the lawsuit. Instead, she is collaborating with Burwick Law, which is representing the scammed investors. Throughout this ordeal, Welch has continuously maintained that she did not intend to deceive her followers. While this claim seems plausible, her posting of the "tokenomics" of the coin suggests otherwise, implying a lack of understanding of the entire situation. However, she reportedly earned $125,000 merely for promoting the coin, raising questions about her diligence and consideration for the potential consequences for those who invested in the coin.
Welch expressed her commitment to working with the legal team and assisting victims, aiming to uncover the truth and hold responsible parties accountable. This move comes after investors filed a class action lawsuit against the team responsible for the $HAWK memecoin's unexpected collapse.
The future of technology and digital currencies, particularly in the realm of memecoins, is under scrutiny following the $HAWK coin's collapse and subsequent legal actions.