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Following a cryptocurrency scandal in December 2024, Haliey Welch (aka Hawk Tuah girl) seemed to drop off the map. Months later, shes opening up about what really happened. The trouble started when Welch, who rose to fame after a viral street interview moment last summer, announced she would be releasing her own cryptocurrency memecoin called $HAWK late last year. The token was publicized heavily and quickly rose to a $490 million market cap when launched on December 4. It tanked just as quickly, and its value plunged $440 million in just 20 minutes. Now, more than two months later, we finally have an explanation. How this idea got brought to me, it was supposed to be a long-term coin, Welch explained to Richard Bengtson (better known as Banks), founder of the e-sports brand FaZe Clan, on a leaked episode of Welchs podcast Talk Tuah. (The leaked episode was first reported by Dexerto.) Welch claimed a friend of a friend came up with the idea. Welch, who didnt know much about crypto, trusted his planand that, she said, turned out to be her biggest mistake. Welch recalled this mutual friend acted a little weird on the token launch day. At launch, only 3% of the token supply was made available for trading, while 17% was allocated to presale investors. These early investors collectively raised $2.8 million for their share, but two-thirds quickly cashed out, selling off their holdings for an immediate profit. I feel really bad for all the people that got affected by it, Welch said through tears. “And it just didnt go the way I planned. At the time of the scandal, Bengtson urged Welch to fire her team, calling the token an outright scam. Now, he is again making that same demandbut for an entirely different reason. On February 6, 2025, Bengtson revealed on X that he had agreed to appear as a special guest on Welchs comeback episode under strict conditions, which included not allowing markets to be manipulated by leaking this episodes existence before a resolution was found and finding a real solution regarding the money she made, where that should go, and what to do with the $HAWK project moving forward. So in an attempt to hear Haliey Welchs side of the Crypto scam story, I agreed to do her first podcast back. I had heavy stipulations including; 1) Not allowing markets to be manipulated by leaking this episodes existence before a resolution was found. 2) Her team finding pic.twitter.com/X3TW5nZmtR— FaZe Banks (@Banks) February 6, 2025 But according to Bengtson, someone from Welchs team leaked or inside-traded the token, causing him to call off the episode on the spot. Yesterday, however, the episode was randomly leaked. Though it was quickly taken down, Bengtson wrote, The price of $HAWK is pumping and they completely fucking fumbled the bag, yet again. After calling, again, for Welch to fire her team, he added: Poor girl, its a wonder how she found herself in this position in the first place.
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E-Commerce
President Donald Trump’s administration has ordered all federal departments and agencies to provide lists of employees who are underperforming, as it seeks to shrink the workforce and awaits a court ruling related to its deferred resignation offers. A memo sent by the Office of Personnel Management on Thursday directs the agencies to submit names of every employee who has received less than a fully successful performance rating in the past three years and to note whether the workers have been on performance plans. The memo, which was viewed by The Associated Press, also emphasized that the agencies report any obstacles to making sure they have the ability to swiftly terminate poor performing employees who cannot or will not improve. The memo seeks the employees name, job title, pay plan and other details, as well as whether that employee is under or successfully completed a performance improvement plan within the last 12 months.” The office also is asking if an agency has proposed or issued a decision in such cases, and whether any action is being appealed or challenged, as well as any outcome. The data is due by March 7. Charles Ezell, the acting director of OPM who sent the memo, wrote that the office is developing new performance metrics for evaluating the federal workforce, a standard that aligns with the priorities and standards in the President’s recent Executive Orders. To assist the office, Ezell wrote that all agencies should submit data regarding their performance management plans and policies, including those contained in collective bargaining agreements. So far, 65,000 federal workers have opted into the deferred resignation program, according to a White House official who wasn’t authorized to disclose the latest figures and spoke on condition of anonymity. The program is being challenged in court, and a federal judge scheduled a hearing for Monday afternoon to consider arguments over whether the plan can proceed. Rian Witte, Associated Press Associated Press writer Chris Megerian contributed to this report.
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E-Commerce
Telehealth company Hims & Hers Health is fighting back after the drug industry’s main lobbying group called out its first Super Bowl ad as “misleading” and in potential violation of marketing rules. The ad is a one-minute spot set to Childish Gambino’s “This is America,” which admonishes the U.S.’s “broken” weight-loss business and instead offers up its “affordable, doctor-trusted” copycat weight-loss drugs. The lobbying group, Pharmaceutical Research and Manufacturers of America, said Thursday the ad was “a clear violation” of the Federal Food, Drug, and Cosmetic Act and “misrepresents the safety and efficacy of their knockoff GLP-1 medicines.” Hims & Hers, which includes a brief disclaimer in the ad that the compounded drugs aren’t FDA approved, said the pushback from the industry meant its ad had clearly struck a chord. “We’ve called out the system and now the system is asking that our ad get taken down,” a spokesperson says. “This is a blatant attempt to shut down an ad that calls them out.” The telehealth firm operates on the idea that consumers who can’t afford, or balk at, the hundreds or thousands of dollars required to get weight-loss medications such as Wegovy, will pay Hims & Hers for less expensive, compounded versions of those medications. The compounded versions also serve as a way to increase access to weight-loss drugs in a time of steep shortages. To be sure, compounded drugs aren’t the same as generic drugs. They’re not approved by the FDA, so compounded drugs don’t require the same rigorous testing that is required for brand-name drugmakers. They’re often criticized due to their risk for potential contamination. But companies that sell compounded medicines say they offer high-quality drugs. Hims & Hers said that its “commercial aims to highlight why the U.S. is in an obesity crisis, while showcasing that Hims & Hers is committed to being part of easing the strain the weight-loss drug shortage is placing on the millions of Americans who have obesity and are looking for help.” Hims & Hers stock jumped more than 11% on Friday following the pushback. As of Friday afternoon, shares were up nearly 8%. The company declined to comment on the bump, as it’s in a quiet period ahead of releasing its earnings report.
Category:
E-Commerce
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