A 22-year-old social media influencer accused of perpetrating a crypto carpet fraud says she is willing to cooperate and find out the truth after a class action lawsuit was filed against her.
In a new thread on the social media platform say she is fully committed to solving the problem.
“I take this situation very seriously and want to address my fans, the affected investors and the wider community. I am fully cooperating with and committed to assisting the legal team representing the individuals involved, and to help expose the truth, hold the responsible parties accountable and resolve this matter.”
Welch recently launched HAWK, a Solana (SOL)-based memecoin that lost 95% of its value just a few hours after launch, leading to accusations that she was engaging in a carpet scam.
A rug pull scam occurs when the creators of a new token deliberately raise its price and then sell off the large amounts they hold, causing the asset to plummet and leaving investors left holding the bag.
Earlier this week, New York-based Burwick Law said it filed a federal lawsuit against Welch on behalf of HAWK investors.
“This case involves claims regarding investor protection under federal law and the HAWK TUAH memecoin HAWK that launched on December 4, 2024.”
HAWK is trading at $0.00003409 at the time of writing, down 2.1% on the day. At its peak, it was valued at $0.00008917.
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Generated image: Midjourney