In a recent call, FaZe Banks reached out to Haliey Welch, known online as ‘Hawk Tuah girl,’ to express his concerns regarding her newly launched cryptocurrency token, $Hawk. Banks characterized the memecoin as a “scam,” prompting a wave of scrutiny from the crypto community.
Welch’s $Hawk token made its debut on December 4, quickly raising red flags among cryptocurrency watchdogs who perceived anomalies in its launch. Among the critics was crypto investigator Coffeezilla, who confronted Welch during a Twitter/X Spaces session, describing the $Hawk launch as “one of the most miserable, horrible launches I’ve ever seen in my life.”
This controversy surrounding Haliey Welch’s $Hawk token escalated as prominent figures in the crypto space began to weigh in on potential mismanagement and ethically questionable practices associated with the token’s launch.
FaZe Banks Warns Haliey Welch of Potential Scam Involvement
During the conversation, Banks claimed that Welch managed to fall victim to exploitation by individuals on her team. He highlighted the alarming fact that if Welch truly owned 10% of $Hawk’s total supply, it was likely that this investment was poorly structured and underprotected, constituting a significant oversight.
“Haliey, I’m going to talk to you directly right now,” Banks stated. “If you have truly invested 10% of this token supply under a locked agreement for a year, you’ve been scammed more than anyone else.” He elaborated on his argument by emphasizing that 97% of the token was held within tightly clustered wallets, suggesting a high likelihood of collusion among associated parties.
“The whole project seems mismanaged and mislaunched. I would term this a scam as well,” he pointed out, advising Welch to reconsider the guidance she had received and to take immediate action against those who misled her.
FaZe Banks, the man who is always early, weighs in on the Hawk Tuah situation. pic.twitter.com/KVeZ34bhRu
— Mr. Frog, (Road to Redemption Arc) (@TheMisterFrog) December 5, 2024
Despite the gravity of the situation, Welch responded positively to Banks’ warnings, expressing her determination to manage the token effectively: “Yeah, I’m doing the best I can. Thank you, FaZe.” However, this response did little to quell the growing criticism surrounding the $Hawk token.
As the drama unfolded, Coffeezilla intensified his critique, accusing the $Hawk team of engaging in “insider trading” and potentially executing a “rug pull” on Welch’s fanbase. The backlash against Welch marks a growing trend among social media influencers who have ventured into cryptocurrency promotions, often finding themselves under fire for similar allegations.
Haliey Welch is not alone in facing scrutiny; previously, YouTube star-turned-WWE wrestler Logan Paul has dealt with significant backlash for his CryptoZoo project, culminating in a lawsuit against Coffeezilla for his investigative work. This brings to light the changing dynamics in influencer marketing within the crypto landscape, raising questions about accountability and investor protection.
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