Crypto influencer Hailey Welch says FBI and SEC end Hawkcoin investigation, confirming no illegal activity

Mars Finance News: Crypto influencer Hailey Welch revealed in a podcast that the FBI and SEC have concluded their investigation into the MEME coin HAWK incident she was involved in, confirming no illegal activities. The token was launched by OverHere Limited platform on December 4, 2024, with its market value surging to $400 million before plummeting over 90%, leading to a collective investor lawsuit. Welch stated that the FBI previously questioned her at her grandmother's house and reviewed her phone communication records, with the SEC subsequently following up on the investigation without direct interrogation. She emphasized that she only received social media promotion fees and was not involved in token operations, presenting a certificate of non-responsibility. Previously, 12 investors had initiated a lawsuit against the project team, alleging the issuance of unregistered securities, with Welch not listed as a defendant. The 23-year-old Welch admitted to blindly trusting others due to her lack of cryptocurrency knowledge, expressed regret for fan losses, and claimed she might slap anyone proposing a crypto project in the future. After the HAWK token's collapse, OverHere Limited and associated parties were accused of market manipulation, with the case still under review. (The Block)