PANews May 21 news, according to The Block, crypto influencer Hailey Welch revealed in a podcast that the FBI and SEC have closed their investigation into the Meme coin HAWK, confirming that she has committed no illegal activities. The token was launched by OverHere Limited on December 4, 2024, and its market value once soared to $400 million before plummeting over 90%, leading to a collective lawsuit from investors. Welch stated that the FBI had inquired at her grandmother's home and reviewed her mobile communication records, and the SEC subsequently followed up with an investigation but did not directly interview her. She emphasized that she only received fees for social media promotions and did not participate in the token's operations, providing proof of her non-liability. Previously, 12 investors had filed a lawsuit against the project party, accusing it of issuing unregistered securities, and Welch was not listed as a defendant.
23-year-old Welch admitted that she was gullible due to her lack of cryptocurrency knowledge and expressed regret over the losses of her fans, claiming that "if someone proposes a crypto project again, I might slap them". After the collapse of the HAWK token, parties associated with OverHere Limited were accused of market manipulation, and the case is still under trial.