The FBI and SEC have concluded their investigation into the HAWK token case, clearing Haliey Welch of any wrongdoing. Her attorney confirmed that she faced no sanctions or consequences related to the token’s dramatic market decline after its launch. 90% of the token’s value was lost following its initial release. This case reflects ongoing scrutiny within the crypto space, particularly with regards to celebrity-backed tokens and their volatility. The investigation follows significant market issues that led to the token’s sharp decline, causing regulatory attention from authorities. Welch herself revealed her ordeal in a podcast interview, stating that federal authorities had interviewed her. She was subsequently cleared of any involvement.