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![CollinRugg Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::890061634181373952.png) Collin Rugg [@CollinRugg](/creator/twitter/CollinRugg) on x 1.9M followers
Created: 2024-12-19 14:27:50 UTC

NEW: Hailey Welch’s “Hawk Tuah” crypto project sued after the group was accused of “rug pulling” investors when the token tanked 95%.

Investors say the lawsuit “arises from the unlawful promotion and sale of the Hawk Tuah cryptocurrency memecoin…”

Named in the lawsuit are the ‘Tuah The Moon Foundation,’ OverHere Ltd and executive, Clinton So, along with the meme coin's promoter, Alex Larson Schultz, according to Newsweek. 

"Many of the investors were first-time cryptocurrency participants drawn to the project through Welch's involvement,” the lawsuit says.

“The rapid decline in the Token's value caused substantial damages to investors who relied on Welch's participation and the project's stated road map.”

![](https://pbs.twimg.com/amplify_video_thumb/1869751086451654656/img/oaIwiBqhRzQQ5AMF.jpg)

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**Related Topics**
[coins](/topic/coins)
[memecoin](/topic/memecoin)
[cryptocurrency](/topic/cryptocurrency)
[token](/topic/token)
[hailey](/topic/hailey)

[Post Link](https://x.com/CollinRugg/status/1869751498068066608)