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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Haliey Welch Finally Releases Statement On Hawk Tuah Memecoin Scandal—Here's Who Investors Are Suing

Hawk Hailey Welch Crypto Howie Mandel Lawsuit
Welch likely didn't know her business partners' plans for the HAWK crypto launch. (Credit: YouTube)

According to court records filed on Thursday, investors who cumulatively lost £120,676 ($151,000) in the HAWK meme coin, inspired by Haliey Welch's Hawk Tuah trend, filed a lawsuit in the first US District Court in New York against the crypto team and its business partners.

The lawsuit alleged that the Hawk Tuah team failed to register the meme coin in accordance with securities laws. The Cayman Island-based sellers and promoters misused 22-year-old Welch's newfound fame to deceitfully promote the cryptocurrency as a registered security.

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