Haliey Welch said in December 2024 that she was fully cooperating with the legal team representing people affected by the HAWK token. The statement came after investors filed their first federal complaint, which did not name Welch. Plaintiffs later asked to add her, her manager and her company to the case. The latest status established by the available sources is a March 30, 2026 description from plaintiffs’ counsel calling the consolidated action pending; no court finding of wrongdoing is established here.
What did Haliey Welch say about the lawsuit?
In December 2024, Welch said she was cooperating with the legal team representing people affected by HAWK. The Atlantic reproduced her statement: “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.” The Atlantic
That was a public statement of cooperation, not an admission of liability or a court document. Investors had filed the initial complaint the day before the statement was reported.
How did the lawsuit develop?
| Date | Case development |
|---|---|
| December 4, 2024 | The HAWK token launched. Its promotion, distribution and trading later became the subject of investor allegations. Wolf Popper |
| December 19, 2024 | Investors filed the initial complaint in the U.S. District Court for the Eastern District of New York. It named Alex Larson Schultz, OverHere Limited, Clinton So and the Tuah the Moon Foundation, and alleged violations of federal securities laws. The complaint’s claims were allegations, not findings. CourtListener case docket |
| December 2024 | Welch made her cooperation statement after the initial complaint had been filed. The Atlantic |
| April 23, 2025 | The court appointed Alexander Escobar lead plaintiff and Wolf Popper and Burwick Law co-lead counsel. Those appointments were procedural and did not decide whether the allegations were true. Wolf Popper |
| November 18, 2025 | Plaintiffs sought leave to amend the complaint to add Welch, her manager Johnnie Forster and 16 Minutes LLC. Decrypt described allegations concerning promotional compensation and token features, while noting there had been no court findings on those claims. Decrypt |
| March 30, 2026 | Burwick Law described the consolidated class action as pending and summarized the amended complaint as involving Welch and other parties. This is plaintiffs’ counsel’s account of the case, not an independent judicial determination. Burwick Law case page |
Why was Welch later named in the case?
The initial complaint named four parties and did not include Welch. In November 2025, plaintiffs asked the court for permission to amend it to add Welch, Forster and 16 Minutes LLC. Decrypt reported that the proposed claims included allegations about promotional compensation and advertised token features. The request to amend and the claims described in it do not establish that the court granted the request or that any allegation is true.
#1 Best Overall
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
- Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
- Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.
Welch’s earlier pledge to cooperate and the later effort to name her are distinct events. The statement did not itself resolve the claims or prevent plaintiffs from seeking to add parties as the litigation developed.
What is alleged, and what has a court established?
The original complaint alleged that HAWK was offered and sold without required securities registration and that its promotion gave buyers an expectation of profit. Later plaintiffs’ allegations, as described by Decrypt, concerned Welch’s company and promotional compensation as well as token features. These are claims made by plaintiffs, not established facts.
Rank #2
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide (4.9 App Store, 4.8 Google Play) - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
- The sources cited here do not establish a judicial finding that HAWK was a security.
- They do not establish that Welch committed fraud or that any defendant is liable.
- The appointment of lead plaintiff and co-lead counsel was a procedural step, not a ruling on the merits.
What is the latest established case status?
Burwick Law’s March 30, 2026 case page described the consolidated class action as pending. That is the latest substantiated status in the cited materials, and it is a description by plaintiffs’ counsel. Those materials do not establish whether a later court order or docket update has changed the status since then.
Quick Recap
Best Value
- Dual-chip architecture for maximum protection: The next-gen, fully auditable TROPIC01 chip works alongside a certified EAL6+ Secure Element—completely NDA-free—to deliver radically transparent, industry-leading defense against physical attacks.
- Quantum-ready security: Get protection against future threats with the first-ever hardware wallet designed with quantum-ready architecture.
- See every detail with confidence: Our largest high-resolution color touchscreen makes it easy to navigate your assets, review transactions and manage your coins with clarity.
- Wireless freedom with encrypted Bluetooth control: Manage, buy, swap and stake securely using Trezor Suite on desktop or mobile. Qi2-compatible wireless charging keeps your Trezor powered up. No cables required—security meets convenience.
- Works seamlessly with Android, iOS and desktop: Connect wirelessly or via USB-C to your phone or computer. Manage your crypto anywhere with our companion Trezor Suite app.
Rank #4
- EAL5+ CERTIFIED SECURE ELEMENT + FINGERPRINT PROTECTION — Your private keys stay encrypted offline on a certified EAL5+ chip, the same security tier used in EMV bank cards. Built by DCENT, securing crypto since 2018. Fingerprint authentication adds a second layer no PIN-only wallet can match.
- 10,000+ ASSETS NATIVE ON 100+ BLOCKCHAINS — Hold Bitcoin, Ethereum, XRP, Solana, Cardano, popular stablecoins (USDT, USDC), and NFTs in one wallet. No third-party apps, no fragmented setup — every supported asset works straight out of the box.
- TAP-TO-SIGN MOBILE EXPERIENCE — Pair your wallet with the DCENT mobile app over Bluetooth. Manage tokens, review transactions, and access in-app swap features directly from your phone — no cables, no desktop required.
- WEB3 & dAPP ACCESS VIA METAMASK — Connect to MetaMask and other browser extension wallets to manage NFTs, claim airdrops, and access dApps. A large screen and intuitive 4-button interface keep every transaction clearly visible before you sign.
- SEAMLESS FIRMWARE UPDATES & 30-DAY MONEY-BACK GUARANTEE — Apply security updates without resetting your wallet or migrating funds. Backed by Amazon's 30-day money-back guarantee — your purchase is risk-free.
Rank #3
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
The Tool Desk
Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →
