Haliey Welch, better known as the Hawk Tuah Girl, could be in some hot water after launching her own cryptocurrency memecoin recently.
The 22-year-old shot to fame after featuring in a street interview earlier in the year, where she was asked what move she has that sends a man wild in the bedroom.
She hilariously responded: "You gotta give 'em that 'hawk tuah' and spit on that thang."
The clip immediately went viral and catapulted Haliey to worldwide fame - and it's safe to say she's capitalized on it to make a career for herself.
As well as launching her own podcast, Talk Tuah, Haliey also attempted to join the crypto world, albeit less successfully...
She launched her own $HAWK coin, which rocketed to $490 million and then tanked to just $41 million within 20 minutes, leading people to claim Haliey's team had performed a "rug pull".
The term refers to creators of cryptocurrencies selling all their stock, causing prices to plummet, which in turn makes other investors' stock worth virtually nothing, causing them to lose money.
Some fans even called for Haliey to be jailed after losing their "life savings" by investing in her coin.
Haliey has denied the allegations and there is no investigation into the incident, however, a list of charges she could potentially face has been revealed.
Yuriy Brisov, a partner at law firm Digital and Analogue Partners, told Coin Telegraph that the United States Securities and Exchange Commission (SEC) could launch civil charges for security fraud, alleging that there had been deceit or misrepresentation in the sales of securities, if it qualifies under the Howey test.
The Department of Justice (DOJ) could also consider criminal charges if there's any evidence of financial misconduct.
When asked whether he thinks the allegations against Haliey would qualify as insider trading, he explained: "Insider trading traditionally involves trading securities based on material, non-public information, breaching a duty of trust or confidence.
"In the context of cryptocurrencies, the legal framework is still evolving. If Welch’s team possessed non-public information about the token’s launch or had pre-arranged strategies to sell significant portions of the supply, leading to the token’s price collapse, such actions could be scrutinized under fraud or market manipulation statutes."
Haliey had addressed the allegations on X (formerly Twitter) earlier in the week, writing: "Team hasn’t sold one token and not 1 KOL was given 1 free token.
"We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG. Fee’s have now been dropped." (sic)