Disgruntled investors will finally have their day in court after buying the HAWK memecoin on December 4, only to see it implode and lose more than 90% of its value just hours after it was launched.

Haliey Welch or “Hawk Tuah Girl,” shot to Internet stardom after a sexually charged video clip of Welch went viral in June. She parlayed that fame into multiple endeavors including an animal foundation, a podcast, and the HAWK memecoin.

But the botched HAWK token launch may prove to be her undoing. Orchestrated by Alexander Larson Shultz also known as “Doc Hollywood,” son-in-law of actor and comedian Howie Mandel and launched by Overhere, an entity that later threw her and Shultz under the bus, HAWK is now at the center of a lawsuit alleging violation of federal securities laws.

Court documents filed in New York on Thursday show seventeen plaintiffs suing Shultz, Overhere, Clinton So (founder of Overhere), and the Tuah the Moon Foundation for selling HAWK to the public “without proper registration.” Curiously, Welch, who has been keeping a low profile since the demise of her token, is not named in the lawsuit.

“The HAWK token exhibits all the characteristics of an unregistered security under established legal precedent,” the filing states. “Despite these clear indications of its status as a security, the HAWK token was not registered by defendants.”

The reason Welch isn’t being sued, could be because she claims to be cooperating with Burwick Law, one of the law firms representing the plaintiffs.

“I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted,” Welch posted on X. The 22-year-old had not posted on the platform since the failed HAWK launch on December 4. “If you have experienced losses related to this, please contact Burwick Law,” she added.

The plaintiffs claim they lost more than a combined $151,000, with one plaintiff from Brooklyn, New York alleging he lost $70,000. The lawsuit is seeking restitution of lost funds with interest and reimbursement of legal costs.

“Many of the investors were first-time cryptocurrency participants drawn to the project through Welch’s involvement,” the document states. “The rapid decline in the token’s value caused substantial damages to investors who relied on Welch’s participation and the project’s stated roadmap.”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。