According to The Block, crypto influencer Hailey Welch revealed in a podcast that the FBI and SEC have closed their investigation into his involvement in the Meme coin HAWK incident, confirming that he did not engage in any illegal activities. The token was launched by the OverHere Limited platform on December 4, 2024, and its market value soared to $400 million before plummeting by over 90%, leading to investor class action lawsuits. Welch stated that the FBI had conducted inquiries and reviewed his grandparents' mobile communication records at their home, and the SEC subsequently followed up on the investigation but did not directly interview him. She emphasized that she only charged social media promotion fees and did not participate in token operations, and provided proof of no responsibility. Previously, 12 investors had filed a lawsuit against the project party, accusing them of issuing unregistered securities, and Welch was not listed as a defendant.
Welch, 23, admitted to trusting others easily due to a lack of knowledge about cryptocurrency, expressed regret for the loss of fans, and claimed that; If someone proposes an encryption project again, they may slap the other party in the face;. After the collapse of HAWK token, related parties such as OverHere Limited were accused of market manipulation, and the case is still under trial.
