<ul><li>Investors have filed a lawsuit against the creators and promoters of the 'Hawk Tuah' memecoin, alleging securities law violations.</li><li>The lawsuit claims that the token was an unregistered security, leading to a 90% decline in its value and causing over $151,000 in losses for investors.</li><li>The creators of 'Hawk Tuah' allegedly capitalized on Haliey Welch's internet fame to promote the token through pre-sale campaigns and discounted offerings.</li><li>The defendants attempted to structure the Tuah The Moon Foundation as an offshore entity to evade US securities laws but allegedly made no effort to restrict token sales to US investors.</li></ul>

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

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