Social media influencer Hailey Welch has broken her silence on the crypto scam that cost her fans hundreds of millions in losses.
Welch, who became an overnight sensation for an obscene social media clip, recently launched a crypto “memecoin” called $HAWK.
Yet after reaching $450 million in market value, the coin crashed by 90 percent, leaving hapless fans and investors furious.
On Thursday, the law firm Burwick Law filed a lawsuit against the creators of $HAWK, although Welch was not named as a defendant.
In a post on the X platform on Friday, Welch said she was taking the situation “extremely seriously” and would be “fully cooperating” with legal investigations.
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch wrote.
“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.
“If you have experienced losses related to this, please contact Burwick Law using the link below.”
I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…
— Haliey Welch (@HalieyWelchX) December 20, 2024
Burwick Law describes itself as a cryptocurrency litigator “focused on the specialized realms of digital assets and consumer protection litigation.”
“We have already secured significant settlementsagainst high-profile token and NFT projects – helping our clients get back what they deserve,” it states.
“Our firm is currently pursuing over $50 million in damages on behalf of our clients.”
Meanwhile, responses to Welch’s post were less than friendly.
No way someone goes from saying “hawk Tuah”, to writing this. You’re a fraud
— Libs of Bluesky (@Libsofbluesky) December 20, 2024
Name the men who put you up to this. That’ll spare you the real prison time that you’re going to be looking at.
— Cernovich (@Cernovich) December 20, 2024
— The Right To Bear Memes (@grandoldmemes) December 20, 2024
Hawk tuah was supposed to be about lifting people up. It’s sad to see it become this
— HowlingMutant (@Howlingmutant0) December 20, 2024
What a sorry state of affairs.
