Haliey Welch, a.k.a. Hawk Tuah Girl, said that she is “fully cooperating” with the group of investors who have filed a lawsuit against the team behind her meme coin.
for failing to properly register the cryptocurrency as a security. A group of people who invested in the coin — which soared to a $490 million market cap before experiencing a 90 percent crash hours later — are suing overHere Ltd. founder Clinton So and his company, the Tuah the Moon Foundation, and influencer Alex Larson Schultz for damages in excess of $151,000. Welch herself is not named in the suit.
However, just because she’s not named as a defendant does not free her from this mess. Welch’s name is all over the complaint, and attorneys for the plaintiffs argue that her involvement put their clients under the impression that HAWK was a registered security. “Many of the investors were first-time cryptocurrency participants drawn to the project through Welch’s involvement,” the complaint reads.
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