After 372 hours, Haley Welsh, otherwise known as the Hok Toah Girl, has finally awakened from her slumber to announce that she has made some new friends — the same law firm that is suing her business partners over her failed meme currency project.
Sixteen days ago, a potential Welsh coin, a Solana token called HAWK, debuted. exploded Upon launch, it enriched a close-knit network of early investors and left most retail traders in the lurch. That evening, Welch told an angry audience on X Spaces that she was going to bed and would see everyone in the morning, before remaining radio silent for weeks on end.
On Friday, Welch broke that silence by announcing that she was cooperating with the law firm File a lawsuit against The creators of the HAWK token on Thursday allegedly violated US securities laws.
I take this situation very seriously and want to address my fans, the investors who have been affected, and the broader community. I am cooperating fully with the legal team representing the affected individuals and am committed to assisting the legal team, as well as assisting in disclosing…
-Haliey Welch (@HalieyWelchX) December 20, 2024
“I am fully cooperating with the legal team representing the affected individuals and am committed to assisting the legal team, as well as helping to uncover the truth, hold responsible parties accountable, and resolve this matter,” Welsh said. He said On X (formerly known as Twitter).
A Welch spokesman said Decryption That the influencer was “completely isolated” from the HAWK project and “had no control over it.”
The spokesperson also confirmed that Welsh only received a flat sponsorship fee for lending her image to the memecoin project, adding, "There is no guarantee that she will make any additional money from memecoin after that."
This story somewhat contradicts the one presented Earlier this week By the team responsible for building most of HAWK. Cryptocurrency launch platform OverHere said Tuesday that it only took control of the ill-fated token because one of Welch's associates, a shadowy figure known as "Doc Hollywood," "disappeared when the going got tough."
The OverHere team claimed that it received no royalties from HAWK and made no profit from the project, and pointed the finger at Welch and Doc Hollywood for the alleged lack of transparency.
The lawsuit filed Thursday against the project — by 12 U.S. plaintiffs who claim they suffered more than $151,000 in damages from the project — lists OverHere as one of multiple defendants. Welch was not mentioned.
Alexandra Roberts, a law professor at Northeastern University, said: Decryption She had never before witnessed a situation like this - where a celebrity like Welch actively helped with a lawsuit aimed at a project the celebrity looked like.
“I think it's a great public relations move,” Roberts said. “I think she's trying to get out in front of it and make a really clear statement: 'Not only did I know what was going on, I want to advocate on behalf of the people who were deceived.'”
Burwick Law, the firm that filed the lawsuit against the creators of HAWK, said: Decryption She does not represent Welch, but is in talks with her attorney.
When asked why Welch was not included as a co-defendant in the HAWK lawsuit, Max Burwick, managing partner at Burwick Law, said the decision was intentional, and hinted that it might help get his clients whole sooner.
“In this regard, we have chosen the strategy that we believe is most effective in helping our clients achieve meaningful results,” Borwick said. Decryption.
Modified by Andrew Hayward
Daily debriefing Newsletter
Start each day with the latest news, plus original features, podcasts, videos and more.
Source link