Investors have initiated a lawsuit against the founders and collaborators involved in the launch of the Hawk Tuah (HAWK) memecoin, filed on December 19. The plaintiffs claim that the promotional activities and sale of the HAWK token constituted an unregistered securities offering,

Hailey Welch, known to the crypto industry as the Hawk Tuah girl has come out to address her fans after her soiled reputation related to the meme coin fallout. The message is coming after a $490 million lawsuit filed against creators of the $HAWK meme coin.

The Hawk Tuah memecoin, after raising $2.8 million and reaching a $491 million market cap, crashed 95% amid allegations of concentrated ownership and securities law violations, leading to legal action against its creators while its promoter Hailey Welch disappeared from public view.

Hawk Tuah girl Haliey Welch has disappeared from the public eye as angry investors file a lawsuit against the viral HAWK launch.

Now, per a TMZ report citing newly filed court docs , it’s been revealed that investors are suing over the launch. OverHere Ltd., Tuah The Moon Foundation, Clinton So, and Alex Larson Schultz are reportedly named in the legal action.

The group behind the meme coin $HAWK, named after Haliey Welch, aka the "Hawk Tuah Girl," was hit with a lawsuit following the token's crash of 95% from a $490M market cap in minutes.

I take this situation extremely seriously,” Haliey Welch wrote in a post on X on Friday. By Kalhan Rosenblatt and Angela Yang