In a developing legal situation, investors in the Hawk Tuah memecoin are suing its promoters, including notable figure Hailey Welch, amidst accusations of a lack of proper US registration for securities. The lawsuit follows the fallout from the memecoin’s significant drop from its 2023 peak of $0.0009, which left many investors with substantial losses. The complainants claim that the promoters misled them regarding the coin’s potential for profit, with internal communications suggesting that many saw it as merely a joke. This latest lawsuit highlights the contentious environment surrounding memecoins, where speculation often leads to disappointment. Welch, known as the Hawk Tuah Girl, has become a central character in this story, sparking discussions among crypto enthusiasts and regulators alike. The core of the grievance is that the memecoin was marketed without the appropriate disclosures required by US law, putting Welch and her associates under the spotlight as they navigate legal challenges while the crypto space remains highly volatile.
Hawk Tuah Girl: Hailey Welch and Murky Memecoin Investments Under Legal Scrutiny
