Haliey Welch, star of the TV series Hawk Tuah, made a statement in the HAWK memecoin case filed against her team. Welch stated in his statement on his social media account that he attaches great importance to the situation.
HALIEY WELCH Faces Lawsuit
Welch pledged to inform affected fans, investors and the broader community. He stated that he is fully cooperating with legal representatives and will strive to reveal the truth.
“I take this situation extremely seriously and would like to appeal to my fans, affected investors and the wider community. “I am fully cooperating with the legal team representing the individuals affected and I am committed to uncovering the truth, holding those responsible accountable and resolving this matter.”
HAWK memecoin reached a market cap of approximately $500 million shortly after its launch, but lost 95% of its value within minutes, leading to huge losses for investors. Following this situation, investors filed a lawsuit in the US District Court for the Southern District of New York.
overHere’s Description
A spokesperson for overHere said: “We have been very transparent about our limited involvement in the Hawk Tuah token project. “We are confident that we did nothing wrong.” he said. The company blamed the crypto turmoil on the project on Alexander Larson Shultz, aka “Doc Hollywood.”
“This project requires Haliey’s team to take more responsibility, Shultz’s departure from the project, and a comprehensive treasury audit. We’re ready, Haliey Welch.”
The lawsuit involves Tuah The Moon Foundation and its business partner overHere, as well as its founder Clinton So. Shultz, who represents the HAWK team, allegedly has connections to Canadian comedian Howie Mandel and was involved in the misleading sale of the token.
It is stated that HAWK token collected approximately $2.8 million during the pre-sale phase and was offered to investors with a valuation of $16.69M in this process. The loss of value immediately after the launch brought about allegations that the project was deliberately designed to target the American market.
Although Welch was not added to the case by name, he made statements about the situation and emphasized that he took the situation seriously and would fully cooperate in the legal process. It was stated that steps will be taken to compensate for the losses experienced by investors.
In light of these developments, it becomes important for investors to be more careful when investing in crypto projects and to observe the compliance of the projects with legal regulations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
