With tears in her eyes and a deep sense of betrayal, Haliey Welch reveals the shocking failure of her $Hawk Token and how a promising crypto venture turned into a disaster.
Haliey Welch, the “Hawk Tuah Girl”, has spoken publicly for the first time about the scandal surrounding her cryptocurrency token $Hawk. In a recently leaked podcast, Welch explains how the once-promising project quickly descended into disaster. Despite the initial excitement and vision to have a positive impact on the crypto space, the project fell apart.
Welch admits her ignorance and betrayal by those who introduced her to the project. Her emotional apology and admission of her mistakes illustrate the gravity of the situation. The scandal has not only affected her career, but has also shaken confidence in the cryptocurrency market. Here's everything you need to know about the case.
Haliey Welch's crypto collapse
Haliey Welch's crypto token project $Hawk, originally presented as a non-profit initiative with charitable aims, quickly turned into a disaster. Welch, who had limited crypto knowledge, was introduced to the project by a “friend of a friend” who promised it would have a positive impact. She received $125,000 upfront for her involvement and agreed to the project on the assumption that half of the funds would go to charity. However, the launch went awry as only 3% of the token was made available for trading, while 17% went to pre-sale investors who sold their shares for a quick profit. Welch was also promised an additional payment of $200,000 within 30 days of the launch, which never materialized.
'Hawk Tuah' girl, Haliey Welch, broke down into tears while talking about the alleged rugpull of her coin pic.twitter.com/DhJ0SZKj1j
— Dexerto (@Dexerto) February 7, 2025
Furthermore, the developer of the project kept 90% of the token supply and kept it under lock and key and out of reach of the public. Welch's reliance on others for oversight was a major mistake that left her fans and investors doubting the legitimacy of the project. Nevertheless, Welch has since expressed her deep regret and apologized for the mismanagement. Fun Fact: The current President of the United States has also created a meme coin, with 80% of the coins currently held by organizations closely tied to his own. Maybe Hawk Tuah Girl should run for president so she can pardon herself too.
The $Hawk token Fallout
Early investors took advantage of the chaos and quickly sold their shares, while Welch's backers suffered significant losses. Despite her role as the face of the token, Welch had little involvement in the actual development or management of the project, leaving her vulnerable to mismanagement. The locked 90% of the token supply was controlled by the unknown developer, with no way for Welch's team to track him down.
Let's be honest here. Sure, using her 15 minutes of fame to financially ruin some of her fans isn't the epitome of grace. And yes, it could be true that she was overwhelmed and trusted the wrong people, but it could also be that her story was perfectly worded by a lawyer she paid with, you know what, money.
How convenient that it's not just a friend, but a “friend of a friend” and can't be traced. I mean, did they communicate via Chatroulette? And isn't it funny that the charity aspect wasn't mentioned until after the scam was exposed? YOUR HONOR!All of that doesn't matter now. Just try to imagine explaining to your grandparents in the afterlife that you put their entire inheritance into a meme coin based on a YouTube video in which a woman describes her oral sex technique. I'd love to hear how you explain that.
Do you think Welch knew about the scam? And did you buy her cryptocurrency?Write it in the comments!