‘Hawk tuah Girl’ is fully cooperating with legal team following cryptocurrency lawsuit

Washington (TNND) – Healy Welch said on Friday that she is “fully cooperating” with a legal team after investors in a cryptocurrency related to her filed a lawsuit against its developers.

“I take this situation very seriously and want to address my fans, the investors who have been affected and the broader community,” Welch said. to publish On the social media platform X.

She continued: “I fully cooperate 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 the responsible parties accountable, and resolve this matter.”

Wolf Popper and Burwick Law filed a lawsuit on Thursday on behalf of 17 people who invested in the “Hawk” token. they accused Four parties allege violations of federal securities laws in the claim, which centers around the allegation that the currency is unregistered.

“The Falcon” shows all the characteristics of a security that is not registered under a legal precedent, according to the plaintiffs.

“Plaintiffs argue that the defendants exploited Haley Welch’s celebrity status to create a ‘speculative frenzy that caused… [$HAWK] The companies said that the token’s market value will rise shortly after the launch, reaching a significant market value. “As alleged in the complaint, defendants engaged in acts that likely violated the federal securities laws.”

Hawk was also marketed as a “groundbreaking cryptocurrency project” by the defendants, who boosted profit expectations based on Welch’s efforts, according to the companies.

“According to the complaint, Welch’s promotional efforts focused on [$HAWK] They said the nature of the token and its comprehensiveness created an expectation that it would redefine the cryptocurrency space.

“This marketing approach, plaintiffs allege, prompted many first-time cryptocurrency investors to participate based on Healy Welch’s participation and the project’s promised roadmap,” the companies continued.

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