Hawk Tuah star Haliey Welch determined to clear her name in crypto scandal and revive her career

As I delve into the intriguing world of Hawk Tuah and the ensuing memecoin scandal, I can’t help but feel a pang of empathy for this young woman who seemingly shot to fame overnight. The rapid rise of internet celebrities is both fascinating and daunting, as they navigate the treacherous waters of stardom while still trying to find their footing in life.

Amidst the turmoil following her involvement in the cryptocurrency scandal and lawsuit, Haylie Welch, a popular figure on Hawk Tuah’s Star, eagerly anticipates restoring her reputation and returning to her career.

It appears that the team responsible for the celebrity’s meme-based cryptocurrency, which suffered a significant crash shortly following its debut, are now facing legal action due to their failure to properly register the digital currency, as indicated by court documents.

Despite not being directly mentioned in the lawsuit, the criticism Welch faced after the crypto crash led her to stay out of the public spotlight for over two weeks.

A source shared with DailyMail.com that Haliey recognizes that her sudden entry into the industry might be perceived differently, but ever since she gained widespread popularity, it’s clear she possesses the charisma needed for a thriving career in the limelight.

They added, “She intends to persist, once she’s clarified her role in this project.

The influencer is collaborating with Burwick Law, a firm known for handling crypto-related legal disputes, to shed light on the situation, ensure those at fault are brought to justice, and ultimately find a resolution.

The source emphasizes that Welch did not initiate or develop the cryptocurrency project; instead, she merely served as a compensated representative who was hired for her public image. She received a sponsorship fee for endorsing the team responsible for creating and launching the $HAWK memecoin.

According to the source, after the initial payment she got prior to the launch, there was no assurance that she would earn any extra income from the memecoin afterwards.

Due to the narrow scope of her involvement, Hailey was entirely isolated from this project and held no power over it. This situation arose because she received misguided counsel from the organization handling the coin’s release, who sought to capitalize on her popularity surge.

When contacted for comment by DailyMail.com, Welch said she was ‘committed’ to resolving the issue.

She emphasized that the current predicament demands immediate attention, and she expressed her desire to communicate with her followers, investors impacted by this issue, as well as the wider public.

I’m working closely with and fully dedicated to aiding the legal team for those affected, while also striving to discover the facts, make those at fault answer, and bring about a resolution.

In my role as a lifestyle expert, I’d like to share some insights about a recent legal matter. Investors have brought forth a lawsuit, claiming that OverHere Ltd., its founder Clinton So, social media influencer Alex Larson Schultz, and the Tuah The Moon Foundation, have illegally endorsed and sold an unregistered cryptocurrency. This allegation suggests they may have violated proper regulations in the process.

As an enthusiastic supporter, I’d like to highlight the allure of meme coins. These digital assets thrive on popular culture references and online fan communities. What makes them particularly appealing is their accessibility and low threshold for creation. Furthermore, the frenzied marketing strategy employed by Welch significantly boosted its attractiveness.

Initially soaring in value following its release on December 4, the ‘$HAWK token’ reached an impressive market capitalization of approximately $490 million. However, a dramatic drop occurred, with the value plummeting by over 90 percent, causing the market cap to fall below $100 million just hours later.

In the spirit of transparency, I recently learned from legal documents that prior to its official release, our digital coin was pre-sold for an impressive sum of around $2.8 million. This sale reportedly valued our project at a substantial $16.69 million before it even hit the market.

Investors are now seeking more than $150,000 in damages.

The Thursday grievance further claims that the individual behind the initial coin launch transformed the Tuah Foundation into an offshore entity on the day following the unsuccessful launch, and subsequently sold 17% of the tokens via this organization to a select group of people in order to bypass securities regulations.

On the other hand, the defendants persisted in promoting the remaining 83% of the tokens, evidently making minimal effort to limit buyers residing outside of the U.S.

‘The project clearly was intended to take advantage of the American market,’ the complaint said.

According to the investors, the influencer’s success, similar to Welch’s, implies that token holders are effectively acting as shareholders.

Although it was clearly established that the $HAWK Token functioned as a security, the defendants failed to register it.

In an email, a representative from overHere stated clearly and openly that their role in the Hawk Tuah token initiative was constrained both in terms of extent and reach. They are certain that no improper actions were taken by them.

‘As for any litigation, we will let the process play out in court.’

Since then, Welch has encountered significant criticism online, with detractors alleging that she and her associates were involved in a money-making scam, an accusation she later refuted on X.

This hasn’t stopped furious fans and investors alike from blasting Welch on social media.

‘You really messed up with that pump and dump memecoin,’ one wrote.

I apologize, but anyone who followed financial advice from the “Hawk Tuah Girl” should expect the loss they incurred. This is according to another person’s statement.

‘If you bought hawk tuah coin you shouldn’t be allowed to vote,’ a third commented.

Earlier this month, Burwick Law, a legal firm based in New York that focuses on NFTs and cryptocurrency matters, issued a public invitation for potential clients involved in the recent $HAWK coin controversy.

‘If you lost money on $HAWK, contact our firm to learn about your legal rights,’ they posted on X.

DailyMail.com contacted Welch’s management for comment at the time.

In a conversation with Fortune prior to the launch of the memecoin, Welch emphasized that their endeavor was not simply about amassing wealth.

She also said that crypto was ‘a good way to interact with my fans’ and that she’d become interested in it through rapper Lil Pump.

Initially, Welch displayed curiosity towards cryptocurrencies as early as September, evident in her unexpected role as a keynote speaker at the Forbes Korea Blockchain Week held in Seoul, South Korea.

A woman from Tennessee, known for her blond hair, gained widespread recognition in June when a video of her providing a witty piece of advice about sex during a street interview in Nashville became popular online.

Since then, she’s accumulated a large number of followers across various social media platforms and established a thriving merchandise business.

Her Talk Tuah podcast has gained significant popularity across the nation, even reaching a position as the third most listened-to podcast in the U.S., trailing only behind Tucker Carlson and Joe Rogan.

So far, the podcast has hosted comedians such as Hannah Berner and Whitney Cummings, pop sensation JoJo Siwa, and successful businessman Mark Cuban among its guests.

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2024-12-21 00:51