Hailey Welch, also known as the 'Hawk Tuah girl,' addressed accusations of her involvement in a cryptocurrency scam during a leaked podcast episode with FaZe Banks. During the podcast, she grew emotional while discussing the situation and the financial losses suffered by investors.
The cryptocurrency token '$HAWK' plummeted by over 95% in value in a single day, collapsing from $490 million to just $41 million, sparking accusations of a 'rug pull' against Welch and her team.
Welch expressed remorse for the project's failure, mentioning ongoing efforts to "figure everything out and make things right." FaZe Banks criticized her team for mismanagement and insider trading.
The controversy escalated with the premature podcast leak, causing a surge in trading volume of '$HAWK' and further scrutiny of Welch's cryptocurrency transactions.