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 towards her.
In a brand new thread on the social media platform X, Haliey Welch – generally known as the “Hawk Tuah” lady after a clip of her went viral earlier this 12 months – says she’s absolutely dedicated to resolving the problem.
“I take this case extraordinarily severely and wish to handle my followers, the buyers who’ve been affected, and the broader group. I’m absolutely cooperating with and am dedicated to helping the authorized workforce representing the people impacted, in addition to to assist uncover the reality, maintain the accountable events accountable, and resolve this matter.”
Welch not too long ago 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 value after which promote the big quantities they’re holding, inflicting the asset to plummet and leaving buyers holding the bag.
Earlier this week, New York-based Burwick Legislation mentioned it filed a federal lawsuit towards Welch on behalf of HAWK buyers.
“This case includes claims associated to investor protections below federal regulation 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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