Yikes. It looks like someone here might be ending the year on the wrong foot. That’s because the infamous ‘Hawk Tuah’ girl seems to be in some major trouble. Keep reading below for everything you need to know.
The ‘Hawk Tuah’ Girl Is In More Trouble
According to the latest reports, Hailey Welch’s “Hawk Tuah” crypto project sued after the group was accused of “rug pulling” investors when the token tanked 95%.
Investors say the lawsuit “arises from the unlawful promotion and sale of the Hawk Tuah cryptocurrency memecoin…”
If that weren’t enough, those named in the lawsuit are the ‘Tuah The Moon Foundation,’ OverHere Ltd and executive, Clinton So, along with the meme coin’s promoter, Alex Larson Schultz, according to Newsweek.
“Many of the investors were first-time cryptocurrency participants drawn to the project through Welch’s involvement,” the lawsuit says.
“The rapid decline in the Token’s value caused substantial damages to investors who relied on Welch’s participation and the project’s stated road map.”
What’s Next For Hailey Welch?
Needless to say, the internet certainly did have a lot to say about the matter. Some critics even commented with, “Damn, she messed up. I still want to think it’s the crypto team who used her brand to push the coin who screwed everyone including her. I doubt she became a crypto expert on her own. But nothing surprises me.”
Another critic wrote, “That’s why you don’t label memecoin as investment. Just tell people that it’s donation to help to finance my dreams. Maybe benefits (super fan benefits) if you have a lot of tokens but never say it’s an investment.”
And then there was this comment as well: “This isn’t the first rug pull in history and won’t be the last. It’s a shame that it has to gain the attention it has considering all the others that people have lost out on. Really ought to be stricter standards.”
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