The viral Hawk Tuah meme woman, Haliey Welch has revealed that the U.S. Securities and Alternate Fee (SEC) has closed investigation on her HAWK meme coin that crashed 95% inside hours after its launch and he or she was accused of rug-pulling the token.
As per the Haliey Welch’s discuss with the popular culture information media platform TMZ, she has been free of the SEC investigation on the notorious HAWK meme coin and “she is strolling away clear.”
Hailey told TMZ that she has been cooperating with all of the authorities for the previous few months and that work is lastly full.
In December 2024, the HAWK meme coin crashed by 95% hours after its launch. On the time, most individuals instructed that the meme coin was a rug-pull rip-off and the woman Haliey Welch was behind it. HAWK reached a market capitalization of over $500 million earlier than plummeting to merely $25 million in hours.
On this fiasco, a number of traders misplaced hundreds of {dollars} they usually sued creators of the HAWK meme coin together with Welch over allegations that they allured traders and made them consider within the guarantees on future development whereas they suffered main losses after its worth dropped drastically.
“The SEC closed the investigation with out making any findings towards, or searching for any financial sanctions from, Haliey,” says James Sallah, Haliey’s lawyer, including “As a result of they didn’t carry any motion towards her, there are not any restrictions on what she will do with reference to crypto or securities sooner or later.”
Nonetheless, the SEC has not shared any feedback on Welch’s declare relating to the dismissal of the investigation into Hawk Tuah (HAWK) meme coin.
Additionally learn: FDIC Opens Doors for Banks to Engage in Crypto Activities
