Welsh told YouTube channel Channel 5 that she went into hiding for months after the token’s collapse, driven there by a wave of death threats and public anger.
It has since fallen to just over $1 million. The crash was widely labeled a rug pull, though Welsh insists she had no hand in engineering it.
She told Channel 5’s Andrew Callaghan that she was approached and agreed to promote the coin without fully grasping what she was getting into.
Lawsuit Targets Creators, Not WelshAn investor lawsuit filed in December 2024 named the team and entities behind the coin — not Welsh. The suit alleged those parties sold unregistered securities.
Still, not everyone is moved by her version of events. Onchain analyst ZachXBT said the broader crypto community had warned Welsh repeatedly not to move forward with a token launch.
She launched one anyway. When it collapsed, he said, she went quiet while investors absorbed the losses.
Hawk Tuah Girl Now Tells Others To Avoid Crypto EntirelyMore than a year after the incident, Welsh says she still does not understand the crypto industry. Her advice to anyone considering getting involved: stay out.
She told Callaghan that people need to be careful about what they attach their name to — a lesson she learned the hard way.
Her lawyer’s $200,000 estimate of retail losses may sound modest against the token’s once-massive valuation, but it was real money that belonged to real people who bought in on her name.
Featured image from Getty Images, chart from TradingView
