Hawk Tuah Haliey Welch’s Crypto Team Nets £2.59M Amid Botched Token Launch, Fans File SEC Complaints
The launch of the HAWK meme coin, spearheaded by social media influencer Haliey Welch, has devolved into controversy as reports reveal that her crypto team profited £2.59 million ($3.3 million) during a chaotic rollout.
The token’s value crashed by 95% shortly after launch, sparking investor outrage and leading to complaints filed with the US Securities and Exchange Commission (SEC).
Welch, 22, now faces the possibility of lawsuits for her involvement in what some have labelled a “rug pull” scheme.
Viral Fame to Crypto Infamy
Welch shot to internet fame earlier this year after a TikTok video about relationship advice went viral, amassing her over 2.5 million followers.
Leveraging her newfound popularity, she ventured into crypto, pitching…
