Haliey Welch, the internet personality behind HAWK memecoin, recalled FBI and SEC investigations regarding the token during her podcast.
Welch admitted to trusting the wrong people and not having proper education in the crypto industry before launching the ill-fated memecoin.
The HAWK memecoin launched by Welch surged in value but later took a deep plunge, raising suspicions of a potential rug pull scam.
While being cleared of any wrongdoing by FBI and SEC, Welch expressed regret for letting her fans down and emphasized the high-risk nature of memecoin trading.