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Asmongold Clips on YT | “Haliey Welch’s crypto controversy is far from over … we’ve learned investors have sued those behind the launch after it infamously lost most of its value in one day.
In new court documents obtained by TMZ … investors in Welch’s Memecoin, known as “$HAWK token,” have accused Tuah The Moon Foundation — an organization located in the Cayman Islands that collected money from the sale — creator OverHere Ltd., executive Clinton So, and promoter Alex Larson Schultz of unlawfully promoting and selling cryptocurrency that was allegedly never properly registered.
Welch, whose big success stems from her podcast Talk Tuah which is on betting platform, Betr, owned by Jake Paul and Joey Levy, herself is not directly named as a defendant in the suit.
Plaintiffs accuse those behind the whirlwind crypto sale of capitalizing on Welch’s celebrity status to create a “frenzy” … taking advantage of first-time cryptocurrency participants who faced substantial losses after the token’s value plummeted by more than 90% after a rapid rise.”- TMZ | Posted by Thrillz