Crypto
Hawk Tuah Girl’s Crypto Fiasco Continues
Photo: Tayfun Coskun/ Anadolu via Getty Images
Haliey Welch needs to talk tuah lawyer. The viral star, a.k.a. Hawk Tuah Girl, has found herself in hot water after the group behind her meme coin, HAWK, was sued on Thursday for failing to properly register the cryptocurrency as a security. A group of people who invested in the coin — which soared to a $490 million market cap before experiencing a 90 percent crash hours later — are suing overHere Ltd. founder Clinton So and his company, the Tuah the Moon Foundation, and influencer Alex Larson Schultz for damages in excess of $151,000. Welch herself is not named in the suit.
However, just because she’s not named as a defendant does not free her from this mess. Welch’s name is all over the complaint, and attorneys for the plaintiffs argue that her involvement put their clients under the impression that HAWK was a registered security. “Many of the investors were first-time cryptocurrency participants drawn to the project through Welch’s involvement,” the complaint reads. “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.”
In a statement shared to X, Welch said, “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community.” She added, “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.”
A spokesperson for overHere, the web3 company that launched and promoted HAWK, told Bloomberg that the company had done nothing wrong. “We have been extremely transparent about the limited scope and extent of our involvement in the Hawk Tuah token project. We are confident that we have done nothing wrong,” they said.
This saga should probably serve as a warning to all future viral celebrities: Just stick to podcasting.
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Westlake police say cryptocurrency scam cost woman over $5,000
WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.
The clerk said the customer would not believe the clerk’s warning that she was being scammed.
Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.
The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.
The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.
She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.
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Read more from the West Shore Sun.
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