Overview

• Haliey Welch launched the $HAWK memecoin in December 2024, which reached a market cap of $500 million before crashing within 24 hours, causing investor losses estimated at $180,000.
• Welch claims she lacked cryptocurrency knowledge at the time of the launch, trusted the wrong people, and only received a marketing fee, which was spent on legal and PR expenses.
• The FBI and SEC investigated Welch, including reviewing her phone, but both agencies cleared her of wrongdoing, and she was not named in any lawsuits related to the coin.
• The controversy led to the hiatus of Welch’s Talk Tuah podcast and the end of her partnership with Betr Holdings, but she has since relaunched the podcast and announced a documentary on her journey.
• Welch publicly expressed regret for her role in the project, acknowledging the trust her fans placed in her and the lessons learned from the experience.