Hawk Tuah girl Hailey Welch breaks down on podcast responding to her 'crypto scam'

Hailey Welch of 'Hawk Tuah' fame emerged from hibernation after she was accused of a major crypto scam that resulted in the loss of millions of her fans who invested in the $HAWK coin. Lawsuits were filed against the foundation that handled the money from the meme coin sale, while Hailey Welch's aides claimed that they were blindsided by the other partners who worked on the project.

The $HAWK coin was launched on December 4. After a major spike, it lost more than 95 per cent on its value in a single day. Lawyers for the investors wrote in their December 19 court filing that the lawsuit "arises from the unlawful promotion and sale of the Hawk Tuah cryptocurrency memecoin, known as the "$HAWK" token (the "Token" or "$HAWK"), which Defendants offered and sold to the public without proper registration."



"Through aggressive promotional campaigns and promises of future growth, Defendants created a speculative frenzy that caused the Token's market value to spike shortly after launch, reaching a significant market capitalization. Defendants leveraged Welch's celebrity status and connections to enhance the Token's credibility and appeal, including discussing the $HAWK project during Welch's podcasts featuring notable guests," the filing said.

Though Hailey Welch was not named in the lawsuit, she earlier issued a statement saying that she would be cooperating with the legal process.

In the latest podcast, she can be seen getting emotional over the episode and how she should not have trusted the "friend of a friend" who is to be blamed for the entire incident, she said. “I probably should have looked into him a little bit more,” Welch said adding that the idea was brought to her as a "long-term coun" that "would change the way everybody thinks about crypto".

“And I feel really bad for all the people that got affected by it,” Welch said. “And it just didn’t go the way I planned.”