The staff behind Haliey Welch’s controversial “Hawk Tuah” crypto challenge HAWK, has lastly spoken out after 12 days of silence within the wake of the token’s collapse.
Welch herself has additionally been absent from her social channels for the reason that token’s botched launch. The very last thing she stated was, “I’m going to mattress, I’ll communicate to y’all within the morning,” which spawned a collection of memes joking that she’s nonetheless asleep.
Nonetheless, the staff that launched the HAWK token, overHere, which had been silent since December 5, lastly spoke yesterday in an try and distance itself from the mess.
OverHere claims its position was “unofficial” and “uncontracted.” As such, it says it acquired no charges and made no revenue from HAWK’s launch. As an alternative, it locations a lot of the blame on “Doc Hollywood,” who apparently “managed all token choices, charges, treasury.”
Doc Hollywood was allegedly silent regardless of “market chaos” and “watered down” participation circumstances, together with shelving of a deliberate token lock-up. It was additionally allegedly his resolution to implement the 15% charges and he apparently lied about overHere’s capability within the challenge.
As for overHere, it admitted that it ought to’ve spoken out sooner and that it trusted the incorrect companions whereas spending an excessive amount of time fixing different individuals’s mess. OverHere claims that Welch’s staff must step up, Doc must step down, and a full treasury audit is required. It stated, “With out Haliey’s engagement, nothing adjustments.”
OverHere has, nonetheless, failed to handle the aim of a Cayman Islands basis and British Virgin Islands enterprise the staff repeatedly referred to in an X Areas.
Learn extra: Bit on that thang! Michael Saylor ‘orange tablets’ the Hawk Tuah lady
In accordance with Crypto Sleuth Coffeezilla, the staff pre-sold tens of millions of tokens to traders who then dumped their holdings when the token sale went reside. There was additionally an issue with a crypto sniper and the staff additionally applied transaction charges of 15%.
At launch, the token hit a excessive of $0.000856 earlier than plummeting in value. It’s now at $0.0000000000164, having decreased by 100% since its all-time excessive.
