crypto

Hawk Tuah Girl’s Cryptocurrency Crash Leads To Massive Lawsuit

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Hailey Welch, best known as the “Hawk Tuah” girl, is in hot water as those involved in launching her cryptocurrency are facing a new lawsuit. The meme-coin she launched lost more than 95 percent of its value in a single day after it released, earlier this month. Lawyers for a group of investors taking legal action say the defendants “sold to the public without proper registration,” as caught by Newsweek. They’ve named the Tuah The Moon Foundation, OverHere Ltd, that company’s executive, Clinton So, as well as the meme-coin’s Los Angeles-based promoter, Alex Larson Schultz.

They write in their filing: “Through aggressive promotional campaigns and promises of future growth, Defendants created a speculative frenzy that caused the Token’s market value to spike shortly after launch, reaching a significant market capitalization. Defendants leveraged Welch’s celebrity status and connections to enhance the Token’s credibility and appeal, including discussing the $HAWK project during Welch’s podcasts featuring notable guests.”

Read More: How Hip-Hop Culture “Revived” Itself & Declared War On Its Leaders In 2024

Haliey Welch Throws Out First Pitch For A Mets’ Game

NEW YORK, NEW YORK – AUGUST 15: Viral internet personality Haliey Welch throws the ceremonial first pitch of a game between the New York Mets and the Oakland Athletics at Citi Field on August 15, 2024 in New York City. (Photo by Jim McIsaac/Getty Images)

“Defendants leveraged the extensive social media following of Hailey Welch, a prominent social media personality known as the ‘Hawk Tuah Girl,’ to market the Token as a groundbreaking cryptocurrency project,” the filing continues. “Many of the investors were first-time cryptocurrency participants drawn to the project through Welch’s involvement. The rapid decline in the Token’s value caused substantial damages to investors who relied on Welch’s participation and the project’s stated road map.”

Hailey Welch blew up online after using the phrase, “hawk tuah,” during a viral YouTube interview. In the time since, she launched her own podcast, Talk Tuah, which has featured numerous celebrity guests, including Wiz Khalifa.

Read More: Ice Cube Opens Up About His New Album “Man Down,” Legacy, And The Future Of West Coast Hip-Hop

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Amber Rose Shoots Down “Ridiculous” Claim She’s Only Backing Donald Trump For A Pardon

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Amber Rose has denied the rumors that her surprising interest in right-wing politics stems from a desire to receive a pardon from former President Donald Trump. She addressed the idea while denying any wrongdoing regarding her past promotions of cryptocurrency in a new video on social media.

“I’ve been seeing comments that the only reason I endorse Trump is because I’m in trouble for a crypto scheme and I want Trump to pardon me,” Rose began. “That’s absolutely ridiculous.” “I’ve never been in trouble my entire life. I’ve never broken the law. I am a law-abiding citizen, and I am a sweetheart.” She added: “I’m not out to scam people. I’ve never scammed anyone in my life. Just stop guys it’s corny. Just come to the terms that Trump is gonna win and he’s the best for our country. I don’t need to get pardoned for sh*t.”

Read More: Wiz Khalifa Speaks Out On Amber Rose And Joseline Hernandez Fight Footage

Amber Rose Attends The Republican National Convention

MILWAUKEE, WISCONSIN – JULY 17: Rapper & Influencer Amber Rose (C) attends on the third day of the Republican National Convention at the Fiserv Forum on July 17, 2024 in Milwaukee, Wisconsin. Delegates, politicians, and the Republican faithful are in Milwaukee for the annual convention, concluding with former President Donald Trump accepting his party’s presidential nomination. The RNC takes place from July 15-18. (Photo by Leon Neal/Getty Images)

Rose previously addressed rumors about her running cryptocurrency scams on X (formerly Twitter), after the site hit her with a community note on one of her posts. In response, she claimed: “When I made those promotional posts, I wasn’t as knowledgeable about crypto as I am now. At the time, I didn’t fully understand the nature of paid promotions in this space. Moving forward, I want to assure you that I’m committed to this project for the long run and will be heavily involved. My goal is to provide transparent and informed communication to our community.” Check out her latest comments below.

Amber Rose Speaks On Her Support For Donald Trump

Rose has been highly supportive of Donald Trump throughout his campaign cycle for the 2024 Presidential Election. She even spoke at the Republican National Convention, last month. Be on the lookout for further updates on Amber Rose on HotNewHipHop.

Read More: Amber Rose Throws Shade At Megan Thee Stallion For “Pandering To Black People” With Her Kamala Harris Support

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6ix9ine Issues Heartfelt Apology To Fans & Announces Crypto Venture

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6ix9ine has had a lot going on in recent months, particularly on the legal front. Earlier this week, for example, it was reported that two of his vehicles were set to go up for auction on a government website. The news arrived a couple of months after they were seized by the IRS for alleged “nonpayment of internal revenue taxes.” Prior to that, he was enrolled in mandatory anger management classes as a result of an alleged assault in the Dominican Republic.

Since then, he returned to the U.S. and later set off for some shows overseas. Throughout all of this, he’s kept a fairly low profile on social media, leaving fans eager to hear any updates. Fortunately, the rapper took to Instagram earlier today to share a message with his followers. He began with an apology for his absence.

Read More: 6ix9ine’s Seized Vehicles Appear On Government Auction Website

6ix9ine Apologizes For Being “Disconnected”

“I want to apologize to all of my fans for being very disconnected with you guys,” he explained. “But I’ve got some great news. I just released a Dummy Coin.” 6ix9ine continued, urging fans to buy into his latest venture in hopes of being selected for meet-and-greets in Romania, Slovakia, Germany, and more. He also teased even more dates to come, which he promises to announce in the future. Fans are certainly glad to see the performer in good spirits, as well as broadening his horizons.

Followers are also appreciative to hear the news coming from 6ix9ine directly, as various other artists have fallen victim to hackers using their platforms to promote crypto scams in recent months. 50 Cent was one of them in June. Reportedly, the hacker made a whopping $720K in minutes off the apparent rug pull. What do you think of 6ix9ine apologizing to fans for being “disconnected” from them as of late? What about him announcing a new crypto venture? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: 6ix9ine Returns To The United States

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50 Cent’s Twitter Hacker Makes $720K In Minutes With Crypto Scam

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Earlier today, 50 Cent’s Twitter/X account published various Tweets about a new meme coin called “$GUNIT.” According to him, however, he had been hacked. He took to Instagram shortly after to clear things up, revealing that whoever was behind the hack made $720K in only half an hour. “My Twitter was hacked I have no association with this Crypto. Twitter worked quickly to lock my account back down. Who ever did made $720,000 in 30 minutes,” he wrote. The mogul also shared screenshots of various Tweets from fans who had previously suspected he was hacked.

Fif’s comments section is now flooded with fans expressing shock over the apparent rug pull, or claiming that they were suspicious of the hacker’s Tweets the second they saw them. “People fell for it and lost money smh,” one Instagram user says. “720 bands in a half hour is cr*zyy,” someone else writes.

Read More: 50 Cent Accused Of Skipping Deposition In Microphone Throwing Case

50 Cent Clears Things Up

Others are urging fellow users to be cautious of scams like this in the future and to always do research before investing in Crypto. After all, this is far from the first time something like this has happened. Last month, for example, Rich The Kid’s Twitter account was also hacked. Similarly, the hacker promoted a cryptocurrency scheme and ended up scamming fans out of a lot of money.

In response to the hack, Rich The Kid ended up announcing that he’d be launching a token that would surely “go to the moon.” It’s unclear whether or not Fif plans to do the same, though for now, it appears he’s just focused on getting his Twitter account back. What do you think of 50 Cent’s Twitter account getting hacked today? What about the hacker making $720K in minutes by launching a meme coin? Share your thoughts in the comments section down below, and keep an eye on HNHH for more updates.

Read More: 50 Cent Checks BMF Co-Founder Southwest T For Meeting With Enemy’s Son

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Iggy Azalea Promotes Her New Crypto Venture With Sexyy Red-Soundtracked Twerking Video

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Iggy Azalea broke through as a rap superstar about a decade ago with a string of hits elevating her to stardom. “Fancy,” “Black Widow,” and Ariana Grande’s Iggy-featuring song “Problem” were all huge hits in quick succession. Similarly, Sexyy Red had a breakthrough year in 2023. “Pound Town 2,” “Skee Yee,” and “Rich Baby Daddy” all became huge hits in the span of just a few months. The pair are also both pretty controversial among rap fans for their respective styles and big personalities. But now Iggy is borrowing some new material from Red to promote her newest venture into the world of cryptocurrency.

“lets get to work! $MOTHER” a recent tweet Azalea made reads. It was posted alongside a quick video of her showing off her twerking skills assisted by some of Sexyy Red’s music. $MOTHER is Iggy’s new crypto project. It’s a so called “memecoin” that seems to be getting some surprising second looks from those in the crypto community. It can’t hurt doing a little promotion for the coin with something fans are guaranteed to pay attention to. Check out the tweet itself and some of the fan reactions to it below.

Read More: Iggy Azalea OnlyFans Earnings Revealed

Iggy Azalea Twerks For Her New Crypto Coin

Her tweet currently sits with over 67k likes. It’s one of a number of posts she’s made about the cryptocurrency today in addition to retweeting tons of fans mentioning it. Around the start of 2024 Iggy claimed that she was retiring from music entirely. While that’s something that musicians claim often, fans actually believed Iggy and she’s stuck to it. Her most recent release is still the single “Money Come” which dropped in August of last year. Since then she seems to have spent most of her time with her crypto venture while also trolling her ex Playboi Carti on social media regularly.

What do you think of Iggy Azalea showing off her twerking as a tactic to promote her new cryptocurrency? Do you believe she’s actually shifting away from music to focus entirely on other ventures? Let us know in the comment section below.

Read More: Iggy Azalea & Playboi Carti: Relationship Timeline

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A Cryptocurrency Misunderstanding Had People Thinking Iggy Azalea Dissed SZA Out Of Nowhere, But Azalea Explained

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iggy-azalea.jpg
Getty Image

The Drake and Kendrick Lamar feud has mostly died down at this point, but generally speaking, there’s a ton of beef in music. For a second, it looked like Iggy Azalea was about to enter the fray and square up against SZA. It turned out the whole thing was just a misunderstanding, though, as Azalea explained.

On May 27, Azalea tweeted, “Who’s solana…? I don’t know that b*tch.” SZA’s full legal name is Solána Imani Rowe, so some thought Azalea was dissing SZA. But, in response to a user who wrote, “That’s @sza mother,” Azalea replied, “Girl im talking about crypto.” She added, “And I love sza too! not about to have Stan Twitter rope her into crypto sh*t hahaha lmaooo.”

As for what Azalea was talking about: Solana is a blockchain platform and the name of its native cryptocurrency, SOL.

Meanwhile, SZA recently vented about how she’s perceived, saying, “The only reason I’m defined as an R&B artist is because I’m Black. It’s almost a little reductive because it doesn’t allow space to be anything else or try anything else. Justin Bieber is not considered an R&B artist; he is a pop artist who makes R&B, folk music, or whatever his heart desires. I simply just want to be allowed the same opportunity to make whatever I want without a label, [without it being] based on the color of my skin, or the crew that I run with, or the beats that I choose. I want ‘F2F’ to be seen as what it is. I want ‘Nobody Gets Me’ to be seen as what it is. I want ‘Kill Bill’ to be seen as what it is.”

The Game Could Have To Forfeit Crypto Wallet

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Like many out there, The Game similarly wishes he never got involved in the crypto market in the first place. According to HipHopDX, his crypto wallet could end up going towards payment he owes for a 2016 sexual assault lawsuit. In 2016 She Got Game star Priscilla Rainey won $7.1 million in a lawsuit against The Game. Overall, the lawsuit stemmed from an incident that happened on a date between the two that Rainey was led to believe was part of the reality show she was on. Apparently, she’s only received around 5% of the money she’s owed in the years since.

Subsequently, Rainey targeted his crypto holdings to get her money. The rapper has always been an advocate for the crypto marketplace and has quite a bit in digital assets and NFTs. Although, this isn’t the first time his involvement in crypto has come back to bite him either. In 2021 he was part of a multi-million dollar lawsuit related to Paragon Coin Inc. The company committed to an unregistered initial coin offering in 2017. For his role in the incident, The Game consequently had to pay $12 million.

Jayceon Terrell Taylor aka “The Game” arrives the Universal Pictures And Legendary Pictures premiere of “Straight Outta Compton” on August 10, 2015 in Los Angeles, California. AFP PHOTO / VALERIE MACON (Photo credit should read VALERIE MACON/AFP via Getty Images)

Much like Kim Kardashian has with her daughter North, The Game has faced accusations of being a bad parent for his daughter’s social media antics. After his 12-year-old daughter shared a TikTok of her singing Sexyy Red’s “Pound Town,” The Game came under fire. Afterwards in a social media post, however, he came to his daughter’s defense.

Additionally, it was only a few months ago that The Game last dealt with the fallout from his case. In January, Rainey took aim at Universal Music Group, Game’s label. Rainey is seeking the money she’s owed from the label directly. What do you think of the newest development in The Game’s attempts to not pay for the lawsuit? Let us know in the comment section below.

Read More: Charles Hamilton Reflects On Kanye West & The Game Cypher

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Lindsay Lohan, Jake Paul, Soulja Boy, Lil Yachty And More Have Been Charged By The SEC For Promoting Crypto Without Disclosing They Were Paid To Promote Crypto

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lindsay lohan
planet fitness

After only just emerging back into the public eye as the spokesperson for Pepsi’s questionable concoction of milk and cola with the questionable nickname “Pilk,” Lindsay Lohan is in hot water with the SEC over pitching crypto without disclosing that she was paid for the endorsements. She’s also not alone. According to The Hollywood Reporter, Lohan, Jake Paul, Kendra Lust, Soulja Boy, Ne-Yo, Lil Yachty, Akon, and Austin Mahone are all being charged in connection with their endorsements for TRON founder Justin Sun’s crypto companies.

“As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities,” said director of the SEC’s Division of Enforcement Gurbir S. Grewal. “At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.”

The celebrities charged, except Soulja Boy and Mahone, have agreed to pay $400,000 and effectively plead no contest to avoid admitting wrongdoing. This isn’t legal advice, but they should all probably fire whoever gave them the legal advice that it’s cool to do paid crypto promotion without telling people (and the SEC) that you got paid.

These cases are different than other celebrity-endorsed-crypto cases in the recent past, including the FTX investors suing their celebrity endorsers for allegedly making crypto investments seem safer than they are. For now, most involved in this crypto flim-flam can chug a warm glass of pilk and be glad it’s all over.

(via The Hollywood Reporter)

The Game’s Crypto Company Registration Revoked

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The Game rapper

Words by: Brandon Simmons

Compton rapper The Game is one of the many people to invest in cryptocurrency.  He backs a crypto startup company, ParagonCoin Limited, which is mainly involved in the marijuana industry.

Recently, the ex-G-Unit member’s crypto company had its registration revoked via the United States Securities and Exchange Commission.  The SEC claims the company has not filed periodic reports since 2019.  The commission also reports that they have sent letters to ParagonCoin Limited regarding the need to complete the necessary reports.  The letters were never answered.

The “Wouldn’t Get Far” rapper’s company has had issues since its initial offering in 2017.  In 2021, the company was sued for violating securities laws during the initial offering four years prior.  ParagonCoin now owes over $12 million in damages, which is the $12 million the company raised in its Initial Coin Offering.

According to ParagonCoin’s official website, the crypto company is filing for bankruptcy.  In a statement, the firm credits the lawyers they hired as for why the company has become insolvent. 

“Our goal was to build a much-needed decentralized solution for the cannabis industry, however, our plans were impossible to achieve due to several legal mistakes….we sought out the guidance of highly recommended lawyers that were supposed to help, unfortunately they misguided and failed us.”

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Takeoff And Rick The Kid Flex Their ‘Crypto’ On Their Ambitious Collab

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Back in 2018, less than a year after they released their third album Culture II, Migos decided that they were going to break off for a brief moment and release solo albums. Quavo dropped Quavo Huncho, Offset delivered Father Of 4, and Takeoff released The Last Rocket. In the grand scheme of things, the projects weren’t as beloved as the Migos projects as they helped to highlight while the group works so well together. Now, almost four years later, there’s no sign that the trio is preparing to release solo projects again, but some, including Takeoff, have released songs as individual artists.

For the first time since he dropped The Last Rocket, Takeoff is back in action as a lone act. With his latest release, he calls on Rich The Kid to join him for “Crypto.” The track is of course focused on cryptocurrency as the rappers flex their wallets and how much they’ve attained. It also arrives with a laid-back video that follows Takeoff and Rich as they walk through city streets and kick it on a plane as they brag about their finances.

The new track comes after Takeoff lent his voice to Roddy Ricch’s sophomore album Live Life Fast where he appeared on “Paid My Dues.” As for Rich The Kid, he recently teamed up with Lil Wayne for their joint project, Trust Fund Babies.

You can listen to “Crypto” in the video above.