Golden Finance reported that a court document showed that the team behind the meme coin HAWK, which is related to Internet celebrity Haliey Welch or "Hawk Tuah Girl", was sued by investors for allegedly violating securities laws. The lawsuit alleges that HAWK acted like an unregistered security, attracting first-time cryptocurrency investors who subsequently suffered "substantial losses" after the token fell. Twelve plaintiffs who invested in HAWK suffered financial losses totaling $151,000 and sued, demanding a jury trial. The indictment also claims that a wallet controlled by the Tuah Foundation collected $3 million in token transaction fees.