Odaily Planet Daily News - Crypto influencer Hailey Welch revealed in a podcast that the FBI and SEC have concluded their investigation into her involvement in the meme coin HAWK, confirming that she committed no illegal acts. The token was launched by OverHere Limited on December 4, 2024, and its market value 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 phone communications, and that the SEC subsequently followed up on the investigation but did not interview her directly. She emphasized that she only received fees for social media promotions and did not participate in the token's operations, presenting proof of non-liability. Previously, 12 investors had filed a lawsuit against the project party, accusing them of issuing unregistered securities, and Welch was not named as a defendant. The 23-year-old Welch admitted to being misled by others due to her lack of knowledge about cryptocurrencies, expressed regret for the losses incurred by her fans, and declared, 'If anyone proposes a crypto project again, I might slap them.' After the HAWK token crash, OverHere Limited and other related parties were accused of market manipulation, and the case is still under review. (The Block)

#SEC