Hawk Tuah ($HAWK) Token Securities Violation Case

E.D. New York

Court

1:24-CV-08695

Case number

11/26/2024

Class period Start

12/05/2024

Class period End

02/18/2025

Lead Plaintiff motion deadline

$HAWK investors filed a lawsuit against Tuah The Moon Foundation for misleading buyers by promoting $HAWK tokens as profitable investments while failing to register them as securities.
On December 4, 2024, $HAWK launched with a market capitalization of $16.69 million, rapidly reaching $491 million before plummeting over 90% within hours.
$HAWK investors can join this case to be notified about potential recovery.
Case Details:

Between November 26, 2024, and December 5, 2024, the defendants promoted $HAWK as a groundbreaking memecoin combining blockchain technology with mainstream culture. Influencer Haliey Welch, known for her podcast "Talk Tuah," helped attract many first-time cryptocurrency investors.

During its pre-sale, $HAWK raised about $2.8 million through whitelisting and airdrops. When the token launched on the Solana blockchain on December 4, 2024, its market value soared to $491 million within hours.

However, the token’s value crashed shortly after, losing over 90%, leaving many investors who followed Welch’s endorsements with significant losses. The complaint claims $HAWK was marketed as an investment promising profits, classifying it as a security under U.S. law. Despite this, the defendants failed to register the token with the SEC, violating the Securities Act.

Based on these events, $HAWK investors filed a lawsuit against Tuah The Moon Foundation, claiming:
It misled investors about $HAWK’s potential as a secure and profitable investment.
It sold unregistered securities in violation of federal securities laws.
Investors believe the defendants misrepresented $HAWK as a safe and lucrative investment.

Case Status

Lead Plaintiff Submission

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Directors,

Management

Security Type

Crypto Asset

Trade Direction

Long

Shock Event Date

12/05/2024

Filing date

12/20/2024

Lead Plaintiff Deadline

02/18/2025

Collecting participants…

Tuah The Moon Foundation

The Tuah The Moon Foundation is associated with the Hawk Tuah ($HAWK) memecoin project. Recent reports indicate that the foundation, along with other entities and individuals, is facing legal actio...

Symbol

N/A.US