Hey guys, any $HAWK investors here? If you missed it, investors are filing a lawsuit against Tuah The Moon Foundation, accusing it of promoting $HAWK tokens as profitable investments while failing to register them as securities.
Between November 26, 2024, and December 5, 2024, the foundation promoted $HAWK as a groundbreaking memecoin, combining blockchain technology with mainstream culture. Even influencer Hailey Welch, host of the “Talk Tuah” podcast, helped attract many first-time crypto investors.
The memecoin was launched on December 4, 2024, with a market cap of $16.69M, skyrocketing to $491M before crashing over 90% within hours (that’s what I call a true rollercoaster, lol). And as you might imagine, everyone who followed the hype were left with significant losses.
Now, investors are filing a lawsuit claiming that $HAWK was marketed as a secure and profitable investment making it a security under U.S. law. However, the Tuah The Moon Foundation sold unregistered securities in violation of federal laws, and misrepresented $HAWK as a safe and lucrative opportunity.
So, for all affected— you can check the details here. And if you have anything to say about your damages, you can share it here.
submitted by /u/thesatisfiedplethora
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