Haliey Welch Addresses Controversy
Haliey Welch, known for her involvement with the Hawk Tuah project, has finally broken her silence regarding the controversial launch of her meme coin, HAWK. However, her delayed response has sparked considerable backlash within the cryptocurrency community.
Since the debut of HAWK, Welch has been largely uncommunicative. The last time she engaged publicly was when she mentioned she was “going to bed” during a livestream on December 4. After that, she vanished from all social media channels, leaving supporters and investors in the dark.
Welch’s Return and Legal Issues
On Friday, after an extended absence, she returned to discuss the challenges surrounding her token’s troubled rollout. In her statement, Welch assured her followers that she is taking the matter seriously and intends to connect with those most affected by the situation. She pledged full cooperation with the legal team representing impacted investors, emphasizing her desire to uncover what went wrong and hold those accountable for any wrongdoing.
Her comments coincide with a recently filed lawsuit against the HAWK project’s creators and promoters, alleging violations of securities regulations. On Thursday, several parties—including Tuah The Moon Foundation, along with individuals such as Clinton So and Alex Larson Schultz—were named in a lawsuit filed in the Eastern District of New York. The plaintiffs argue that HAWK was touted as an unregistered security, and they claim that Welch’s social media strategy contributed to a staggering 90% drop in the token’s value, incurring losses exceeding $151,000 for investors.
Community Reactions and Future Outlook
Welch has distanced herself from the legal implications of the lawsuit, suggesting that anyone who suffered losses related to HAWK should contact Burwick Law, one of the firms involved in the case alongside Wolf Popper.
Reactions on social media have ranged from humor to exasperation, as users have shared countless memes and jokes about the unfolding drama. In a lighthearted twist, Polymarket even conducted a poll speculating on whether Welch would post again before December 20, and she met the prediction by sharing an update as anticipated.
In the wake of these events, it remains to be seen how Welch will navigate the storm surrounding her project and whether she can regain the trust of her community.
Source: Cryptobriefing
