Investors in the Hawk Tuah meme coin have filed a lawsuit against its producers and promoters, accusing them of securities fraud after the token’s rapid collapse. The plaintiffs argue that the token was misleadingly presented as having shareholder-like benefits, violating securities regulations. Notably, Hailey Welch, associated with the project, is not named as a defendant and will not be directly involved in the legal proceedings.
Hawk Tuah’s launch in early December garnered significant atte