A 22-year-old social media influencer accused of pulling a crypto rug pull rip-off says she’s able to cooperate and uncover the reality after a category motion lawsuit was filed in opposition to her.
In a brand new thread on the social media platform X, Haliey Welch – often known as the “Hawk Tuah” woman after a clip of her went viral earlier this yr – says she’s absolutely dedicated to resolving the difficulty.
“I take this case extraordinarily severely and need to handle my followers, the traders who’ve been affected, and the broader group. I’m absolutely cooperating with and am dedicated to helping the authorized staff representing the people impacted, in addition to to assist uncover the reality, maintain the accountable events accountable, and resolve this matter.”
Welch lately launched HAWK, a Solana (SOL)-based memecoin that misplaced 95% of its worth only a few hours after its launch, resulting in accusations of her conducting a rug pull rip-off.
A rug pull rip-off is when the creators of a brand new token deliberately inflate its worth after which promote the big quantities they’re holding, inflicting the asset to plummet and leaving traders holding the bag.
Earlier this week, New York-based Burwick Regulation mentioned it filed a federal lawsuit in opposition to Welch on behalf of HAWK traders.
“This case includes claims associated to investor protections beneath federal legislation and the HAWK TUAH memecoin HAWK launched on December 4, 2024.”
HAWK is buying and selling for $0.00003409 at time of writing, a 2.1% lower on the day. At its peak, it was valued at $0.00008917.
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