Haliey Welch Responds to Class Action Lawsuit Over $HAWK Memecoin
Staff Writer • 2024-12-22
Los Angeles, CA – Haliey Welch, a rising media personality and host of the popular podcast Talk Tuah, has issued a statement addressing her involvement in the controversial $HAWK memecoin project, which is now the subject of a class action lawsuit filed by Burwick Law. The lawsuit alleges significant investor losses and questions the role of public figures in promoting cryptocurrency ventures. In her statement, Welch expressed deep concern for those affected and pledged her full cooperation in uncovering the truth. “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter,” Welch said. She urged those affected to contact Burwick Law directly. The Lawsuit and Welch’s Limited Role Welch’s legal team has clarified that her involvement in $HAWK was minimal, stemming solely from a sponsorship agreement. According to representatives, Welch was compensated with a one-time fee for lending her likeness to the project. She received no ongoing financial benefit from the coin and was intentionally kept uninformed about the coin's operations and mechanics by the project’s creators. “This was due to receiving incorrect advice from the company responsible for launching the coin, who wanted to take advantage of her viral success,” Welch’s representatives explained. The creators of $HAWK allegedly leveraged Welch’s rapid rise to prominence to boost the coin’s visibility. However, Welch’s team maintains that she had no control over the project and no involvement in its development, launch, or operations. Moving Forward: Accountability and Transparency Despite her limited role, Welch has committed to working with Burwick Law to aid the investigation and ensure those responsible are held accountable. “Haliey is actively collaborating with legal counsel to help resolve this matter,” her representatives stated. This partnership underscores her commitment to transparency and her desire to support those impacted. Welch also acknowledged how her sudden emergence into the spotlight might influence public perception of the incident. “Haliey understands how her unexpected start in the industry comes across, but since achieving virality, she’s proven she has the star power to lead a successful career,” her team stated. Her podcast Talk Tuah has quickly become a major success, debuting at #5 on Spotify within months of launch. Crypto and the Responsibility of Influencers The $HAWK lawsuit raises broader questions about the ethical responsibilities of influencers in the cryptocurrency space. Welch’s case serves as a cautionary tale for public figures approached by projects seeking to capitalize on their fame. As the legal proceedings unfold, Welch hopes to refocus her efforts on her growing career, stating her determination to “clear up the narrative” surrounding her involvement with $HAWK and continue building her brand.
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