'Hawk Tuah' influencer Haliey Welch has revealed that the investigation into her meme-theme Cryptocurrency is closed and she was not affected by charges.
The 22-year-old became famous in June 2024 after her characteristic sense of oral sex viral went on Tiktok.
She played in her internet reputation and launched her multi -million dollar '$ hawk token' in December 2024 – a decision that broke out in immediate disaster when the Memecoin crashed only a few hours later.
A memecoin is a kind of cryptocurrency that comes from an internet meme or another humorous trend, such as the craze 'Hawk Tuah'.
The WELCH currency rose rapidly to a market capitalization of $ 490 million, before he finally refueled more than 90 percent, up to less than $ 100 million, within just a few hours after his debut.
IMBURated '$ HAWK token' invested investors quickly a lawsuit against the group behind the currency, and accused them of unlawfully promoting and selling cryptocurrency that is reportedly never registered correctly.
But after a thorough investigation by the US Securities and Exchange Commission (SEC), the name of Welch was released from the Crypto-Controverse, TMZ reported.
“In recent months I have worked with all authorities and lawyers, and finally that work has been completed,” Welch told the Outlet exclusively.
The lawsuit was brought against the group behind the Memecoin: Overhere Ltd., the founder, Clinton So, and Social Media Influencer, Alex Larson Schultz, as well as the Tuah the Moon Foundation.
'Hawk Tuah' influencer Haliey Welch became known in June 2024 after her characteristic sense of oral sex viral went on Tiktok
She played in her internet reputation in December 2024 and launched her multi-million dollar '$ hawk token'
Her internet-debut consisted of a clip that apparently enjoys the situation '$ hawk token' and other rumors about her
Welch was not explicitly mentioned as a suspect in the legal application.
The claimants' lawyers claimed that a presale for the currency had collected around $ 2.8 million, according to a rating of $ 16.69 million, prior to the launch date, according to the court case.
Investors are looking for more than $ 150,000 damage. Welch's lawyer said she didn't have to pay a cent.
“The SEC closed the investigation without making findings against or the search for monetary sanctions by Haliey,” Welch James Sallah's lawyer explained to TMZ.
“Because they have not taken action against her, there are no restrictions on what she can do in the future with regard to crypto or effects.”
Now that she is free from the burden of the legal scandal, Welch is said to be “happy to go up again,” said TMZ.
The comeback of Welch does not entail any form of cryptocurrency, but she apparently plans a documentary 'Hawk Tuah'.
“The documentary will describe how Welch, a young woman from a small city without active presence on social media, unconsciously created a viral moment that made way for a global phenomenon,” reads the description of the project, Deadline reported.
Welch was on an interruption of social media since she came under fire The memecoin debacle.
The Talk Tuah Podcast -Gastheer took a break of social media after the cryptocurrency scandal broke out, although it was never mentioned in the court case
Welch said back in the spotlight and said that a documentary 'Hawk Tuah' is in the making
But she has a step back on the scene and posted a video in the title 'What did I miss?' On Tiktok and Instagram on Tuesday.
Her internet debut consisted of a clip that apparently strives in the situation '$ hawk token' and other rumors about her.
The 45-second spoof video shows Welch asleep, Dommelt away and waking up between nightmares.
The first bad dream is about her death, with her burial and news segments about her death.
During the next nightmare, Welch plays in people who speculate about her pregnancy of a photo of her in a bikini on the beach.
Welch has humorous a huge babybuil – who balances a cup on her belly and eat pickles.
Finally, the Talk Tuah Podcast -Host speaks on the Memecoin Catestophy. This segment contains clips by Joe Rogan and Stephen Colbert who are discussing the case while Welch is locked up in a prison.
Although the SEC investigation is closed, the lawsuit against the group behind the coin is underway.
