In a shocking revelation, social media sensation Hailey Welch has finally addressed the cryptocurrency scam that has reportedly led to her followers losing hundreds of millions.
Welch, who shot to fame due to a controversial social media video, had recently introduced a cryptocurrency "memecoin" named $HAWK. However, after reaching a staggering market value of $450 million, the coin's value plummeted by 90 percent, leaving her followers and investors in a state of fury.
According to Gateway Pundit, Burwick Law, a law firm specializing in digital assets and consumer protection litigation, has initiated legal proceedings against the creators of $HAWK. Interestingly, Welch was not listed as a defendant in the lawsuit. In a recent post on the X platform, Welch expressed her commitment to fully cooperate with the legal investigations.
"I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community," Welch stated.
She further emphasized her dedication to assist the legal team representing the affected individuals, and to help uncover the truth, hold the responsible parties accountable, and resolve the matter.
Burwick Law, on its part, has a reputation for securing significant settlements against high-profile token and NFT projects. The firm claims to be currently pursuing over $50 million in damages on behalf of its clients.
However, the response to Welch's post has been far from supportive, reflecting the deep-seated anger and disappointment of her followers.
Login