Investors sue 'Hawk Tuah' memecoin creators, promoters over alleged securities law violations

The creators and promoters of the “Hawk Tuah” memecoin, inspired by Haliey Welch, are facing a lawsuit from investors who allege that the token was an unregistered security and caused significant financial losses after a sharp price collapse, Bloomberg Law reported on Dec. 19. The lawsuit was filed in the US District Court for the […]