A meme coin launched by Hawk Tuah Girl collapsed from $500M to under $60M in 20 minutes, causing investors to lose tens of millions and sparking calls for her to be jailed for fraud.
The rug pull scam involves a team raising money from investors by selling a token, then quietly shutting down the project or disappearing, stealing the raised funds and leaving investors with worthless tokens.
Hawk Tuah Girl's meme coin was considered a scam by many, with 97% of the supply held by team insiders who actively sold it, despite her claiming it was above board.
Investors who put their life savings into Hawk Tuah Girl's meme coin, expecting it to 100x in value over the next decade, were left with tens of thousands instead of tens of millions.
The SEC and FBI actively pursue rug pull scammers, with penalties including felony charges, years in federal prison, asset seizure, and a criminal record that follows the scammer for life.
Could Haley Welch faces potential prison time for her alleged involvement in a meme coin scam that caused significant financial losses for investors?
00:00 Hawk Tuah Haley Welch faces potential prison time after allegedly scamming millions through a meme coin scheme, leaving some investors devastated.
01:34 Hawk Tuah Girl's meme coin caused major financial losses, prompting discussions about her potential imprisonment.
03:23 Investors in the Hawk token are facing major losses, prompting doubts about its legitimacy and promoter Haley Welch.
05:07 She could face prison time for her involvement in a significant crypto scam, despite not being the mastermind.
06:55 Internet outrage grows against Haley Welch as accusations of scamming investors surface, raising questions about her potential legal consequences.
08:07 Crypto rug pulls are serious scams that can lead to felony charges and significant prison time for perpetrators, as authorities actively pursue those who defraud investors.
09:31 Hay Welch and her team claim innocence amid controversy as a man faces financial ruin after investing in a cryptocurrency they promoted.
11:09 Haley Welch's meme coin, which briefly peaked at $500 million, crashed, leading to accusations of a scam and significant investor losses.
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