Haliey Welch Addresses $Hawk Crypto Scandal Following Leaked Podcast

The 'Hawk Tuah' creator tearfully accepts responsibility for the failed token launch, revealing missteps and plans to make amends.

Haliey Welch, known for her 'Hawk Tuah' meme, launched the $Hawk cryptocurrency in December 2024, which quickly collapsed amid accusations of being a 'rug pull.'
In a leaked podcast episode with FaZe Banks and other crypto influencers, Welch admitted to her lack of understanding about cryptocurrency and blamed poor advice from her team for the project's failure.
Welch revealed she was paid $125,000 upfront to promote the token but has yet to receive an additional $200,000 promised by the project's developer, who remains untraceable.
The token's launch was marred by issues, including a disproportionate allocation of coins to pre-sale investors, leading to a rapid sell-off and a sharp decline in value.
Welch expressed regret for the harm caused to her supporters and discussed potential plans to reinvest her earnings from the project to help affected investors, though no concrete resolution has been confirmed.