Haliey Welch, the star of the Hawk Tuah series, spoke out regarding the HAWK memecoin lawsuit filed against her team. In her statement on social media, Welch emphasized the seriousness of the situation.
Haliey Welch Confronts the Lawsuit
Welch committed to keeping affected fans, stakeholders, and the broader community informed. She expressed her intent to work closely with legal representatives and strive to uncover the truth.
“I take this situation very seriously and want to address my fans, affected stakeholders, and the wider community. I am fully cooperating with the legal team representing those impacted and am determined to uncover the truth, hold accountable those responsible, and resolve this matter.”
The HAWK memecoin rapidly reached a market value of approximately $500 million shortly after its launch, but within minutes, it plummeted by 95%, resulting in significant losses for investors. Following this incident, a lawsuit was filed in the US District Court for the Southern District of New York.
overHere’s Statements
A spokesperson for overHere stated, “We have been extremely transparent about our limited involvement in the Hawk Tuah token project. We are confident that we did nothing wrong.” The company attributed the chaos surrounding the project to Alexander Larson Shultz, known as “Doc Hollywood.”
“This project requires Haliey’s team to take more responsibility, and for Shultz to step away, along with a comprehensive treasury audit. We are ready, Haliey Welch.”
The lawsuit includes Tuah The Moon Foundation and its partner overHere along with founder Clinton So. It is alleged that Shultz, representing the HAWK team, has connections to Canadian comedian Howie Mandel and played a role in the misleading sale of the token.
It is noted that the HAWK token raised approximately $2.8 million during its presale phase and was offered to investors at a valuation of $16.69 million. The immediate loss in value after the launch raised suspicions that the project was orchestrated to specifically target the American market.
Although Welch was not named in the lawsuit, she emphasized the gravity of the situation and reiterated her commitment to full cooperation in the legal process. Steps will be taken to address the losses experienced by investors.
In light of these developments, it becomes increasingly important for investors to exercise caution when investing in crypto projects and to monitor compliance with legal regulations.
