FBI’s Investigation of Haliey Welch Uncovers Memecoin Disaster Details

‘Hawk tuah girl’ Haliey Welch says FBI probed her ‘memecoin disaster’

FBI Investigates Viral Crypto Personality

Haliey Welch, known as the 'Hawk tuah girl', has recently revealed a distressing encounter with federal authorities following the launch of her memecoin, Hawk Tuah (HAWK). According to Welch, both the Federal Bureau of Investigation and the Securities and Exchange Commission took interest in her due to allegations surrounding the coin's sudden collapse, which many dubbed a potential exit scam. Welch described the moment she learned about the investigation: "The feds came to granny’s house and knocked on her door, and she called me, having a heart attack, saying: ‘The FBI is here after you, what have you done?’" This amusing yet alarming anecdote highlights the growing scrutiny that comes with launching cryptocurrencies.

Memecoin Launch Goes Awry

The HAWK memecoin suffered a staggering 90% drop in value almost immediately after launch in December. This catastrophic performance has led some crypto experts to label it as an exit scam, casting a shadow over Welch's reputation. Despite these challenges, Welch asserts her innocence, explaining that she was not well-versed in the crypto landscape and believed she was in good hands. "I trusted the wrong people," Welch confessed on her 'Talk Tuah' podcast, implying that outside influences played a critical role in the failed launch of her token.

Clearance from Authorities

Fortunately for Welch, after voluntarily handing over her phone and cooperating with federal agents, she was cleared of any wrongdoing. Her attorney confirmed to TMZ that the SEC closed their investigation without pursuing any sanctions against her. This outcome serves to underscore a pivotal point: while the crypto space can be tumultuous, personal accountability and clear communication with authorities can help mitigate potential legal repercussions.

Takeaways for Crypto Investors

As Welch's story unfolds, it serves as a cautionary tale for investors in the crypto space—especially newcomers. Understanding who you trust when entering this volatile market and knowing the red flags can mean the difference between success and financial ruin. In a world where virtual currencies fluctuate based on perception and speculation, being informed and vigilant is crucial.

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FBI’s Investigation of Haliey Welch Uncovers Memecoin Disaster Details

FBI Investigates Viral Crypto Personality

Memecoin Launch Goes Awry

Clearance from Authorities

Takeaways for Crypto Investors

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