Hawk Tuah Girl in Hot Water over Allegations of Crypto Scam

Unsplash | Published: December 8, 2024

Claim Form Deadline: N/A

Payout: N/A

What's the Hawk Tuah Girl Crypto Lawsuit?

Hawk Tuah Girl may be facing a potential lawsuit, and even a class action lawsuit over her cryptocurrency launch that may have led to significant financial losses for investors.

What is the Hawk Coin Crypto Controversy?

Hawk Tuah girl Hailey Welch is facing a potential lawsuit or even a class action lawsuit following her cryptocurrency coin crash in which she and her team have been accused of scamming Hawk Tuah Girl fans out of millions of dollars. A potential lawsuit against Haliey Welch, known as "Hawk Tuah Girl," and her team over the launch of the HAWK cryptocurrency is already being pursued by at least one law firm, according to a post on X (Formerly known as Twitter). The Hawk Tuah girl coin's value plummeted shortly after its launch, leading to significant financial losses for investors and speculators.

Popular crypto investigators such as Coffeezilla are scrutinizing the Hawk Tuah Girl's meme coin "tokenomics" to see to what extent the cryptocurrency's crash has potentially defrauded investors.

Allegations of a Hawk Tuah Meme Coin Scam

Coffeezilla, a popular independent investigative journalist that specializes in cryptocurrency scams, confronted the Hawk Tuah coin project's team about claims that they pulled a "rug" (a term used in crypto to describe a scam where developers abandon a project and take investors' money). He argued that the Hawk cryptocurrency coin team did profit from the venture while the team directly denied any wrongdoing and eventually muted Coffeezilla a streaming call on the platform X (Twitter).

Hawk Tuah Girl: From Viral Fame to Crypto Pump and Dump Accusations

Haliey Welch, better known as "Hawk Tuah Girl," rose to internet stardom earlier this year with a viral street interview featuring her candid sex advice. Capitalizing on her newfound fame, Welch launched a podcast and an animal charity, establishing herself as an influencer.

However, Welch's entrance into cryptocurrency has led to significant controversy. On December 4, a cryptocurrency was launched using her "Hawk Tuah" branding, called HAWK, which her business associates described as "tokenizing, in a sense, Haliey's fan base". The launch was initially successful, with HAWK's market capitalization reaching nearly $500 million within minutes.

Hawk Tuah Girl Faces $500 Million Crypto Scam Accusations

The success was short-lived. Within 20 minutes of launch, HAWK's value plummeted from $490 million to just $41 million. This sudden crash sparked outrage among investors, many of whom claimed to have invested significant sums, including life savings and children's college funds.

Hawk Tuah Cryptocurrency Launch Fraud and Backlash

The HAWK launch has been accused of being a "rug pull," a term used in the crypto world to describe a scam where developers abandon a project after taking investors' money. Crypto analyst Stephen Findeisen, known as Coffeezilla, labeled the launch "one of the most miserable, horrible launches" he had ever seen. Key allegations of the Hawk cryptocurrency include:

1. Insider trading and pre-selling of tokens to investors who later dumped them on unsuspecting fans.
2. Implementing high trading fees that generated millions for the project team.
3. Targeting inexperienced crypto investors, particularly Welch's fans who are typically not well-versed in the mechanics of cryptocurrency and digital assets, and may be more susceptible to cryptocurrency scams and fraud.

Hawk Tuah Girl Haley Welch's Response

Welch has maintained that the team hasn't sold any tokens and that they attempted to prevent "snipers" through high initial fees. However, her explanations have been met with skepticism from the crypto community since some of the initial pre-sales of the Hawk Tuah "Hawk" coin seem to have been from wallets connected to insiders, according to Coffeezilla, and were sold as soon as the Hawk tokens went on the market.

Potential Open Class Action Legal Action

The fallout from HAWK's launch has prompted legal action. Law firms in the United States are encouraging affected investors to come forward for a potential class-action lawsuit. Burwick Law in New York has stated they "stand with investors who've been burned by abandoned celebrity-backed NFT projects and tokens". Investors have also reportedly begun filing complaints with the Securities and Exchange Commission after starting to unearth allegations that the Hawk Tuah cryptocurrency may have been an alleged fraud.

The HAWK cryptocurrency launch serves as a cautionary tale about the risks of celebrity-endorsed crypto projects and the potential exploitation of inexperienced investors. As legal proceedings potentially unfold in the Hawk Tuah crypto controversy, stay up to date here to see if this becomes a certified class action where affected investors may be able to recoup some of their losses.

How Much Can I Get Paid?

The compensation amount is not specified and will depend on the outcome of any legal action, if and when there is a class action lawsuit that gets settled to reimburse any potential victims of alleged Hawk Tuah coin fraud. Stay up to date here on OpenClassActions as we report on this live story.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

For more class actions keep scrolling below.