Social media influencer Haliey Welch is being sued for the unlawful promotion and sale of her Hawk Tuah cryptocurrency meme coin, which crashed 95% shortly after launch.
The lawsuit, filed on December 19th, alleges that Welch sold the Solana-based token without proper registration, causing significant losses for investors.
This legal action highlights the risks associated with investing in meme coins and the potential legal repercussions for celebrities promoting such projects. Show Less
