- Controversial social media figure, Hailey Welch, faces a class-action lawsuit over her HAWK memecoin.
- Plaintiffs claim the HAWK team misled investors with false promises and deceptive tactics.
- The lady has vanished from social media after the launch of the meme coin.
Controversial social media figure “Hawk Tuah Girl” Hailey Welch, who recently flouted her namesake memecoin HAWK, is facing a class-action lawsuit for her crypto venture. The plaintiffs included twelve individuals who alleged to have suffered a financial loss to the tune of $151,000, citing securities law violations.
The lawsuit accuses the meme coin team of misleading investors through false and deceptive statements and omissions. The plaintiffs, highlighting its association with controversial social media figure, argued that the defendants promoted the meme coin as a legitimate investment opportunity, promising high returns. However, the 12 individuals allege that the project was a fraudulent scheme designed to benefit the defendants at the expense of unsuspecting investors.
“Hawk Tuah Girl,” a social media personality known for her viral content, has been closely linked to the namesake memecoin. The plaintiffs assert that her endorsement and promotion of the cryptocurrency played a significant role in attracting investors. However, since the launch of the token, the woman has been noticeably absent from the social media platform X, formerly known as Twitter.
“HAWK Tuah” Girl In Legal Trouble
The lawsuit seeks damages, restitution, and other relief for the injured investors. A jury trial has been requested to determine the extent of the defendant’s liability.
The legal action against the HAWK team underscores the increasing scrutiny faced by meme coins and their promoters. As the cryptocurrency market continues to evolve, regulators and law enforcement agencies are intensifying their efforts to protect investors from fraudulent schemes.
