As people faced a huge loss after buying Hawk Tuah girl’s cryptocurrency $HAWK, demands to arrest Hailey Welch were raised on social media. A law firm stepped up to assist victims who lost millions in the memecoin that crashed after the viral Hawk Tuah meme-fame girl launched it. Hailey Welch said they did not do any intentional wrongdoing. Many social media users debunked what she actually did and called it a scam.
“Team hasn’t sold one token and not 1 KOL was given 1 free token. We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG. Fee’s have now been dropped,” Welch posted amid huge backlash.
“Hailey I’m not even kidding when I say this, you are most likely going to prison,” a social media user said. And several others threatened her with a lawsuit.
What did the Hawk Tuah girl do?
Hawk digital coin hit a a $490m market cap shortly after it launched on Wednesday, before suddenly losing more than 95% of its value within hours.
YouTube cryptocurrency investigator Coffeezilla accused Welch of scamming investors with a “pump and dump” scheme where the people behind a coin hype up its price before launch, then sell it for profit. Welch said her team did not sell any of the tokens.
Coffeezilla said Hailey Welch’s team actually targeted her fans and exploited them as these fans are those who have never been involved in the crypto space and they did not target crypto bros because they would not buy her coin in all probability. “These people were unwilling to take any accountability” of the “Hawk Tuah scam”, he claimed.
In 2021, Kim Kardashian was fined $1.26m by US regulators after she failed to disclose that she had been paid to post an advert for a cryptocurrency scheme called EthereumMax.
If Hailey Welch is sued and it’s proved that she scammed her fans, she will be penalised but as of now claims that she would be going to jail are only social media speculations.
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