I am deeply moved to draft this petition due to a personal story. This is not just an individual plea, but a collective call for justice shared by many others. My own father fell prey to a crypto scammer who goes by the name of Hailey Welch. Like many others, she callously pulled the rug from under her innocent victims, leaving them devastated and financially ruined.

Crypto scams are a growing menace. The Federal Trade Commission noted a sharp spike in cryptocurrency scams in recent years, with victims often losing their lifetime savings. In 2020 alone, consumers reported losing over $80 million to such scams, with the median individual loss being around $1900 (source: 2020 FTC Consumer Report on Cryptocurrency Frauds).

The offenders, such as Hailey Welch, engage in what is known as a 'rug pull,' duping victims into investing in worthless crypto tokens only to disappear with all the capital once a significant amount of money has been collected. This form of crypto scam is one of the biggest challenges to the legitimacy and credibility of crypto markets and inhibits the growth of a fair and secure financial future.

Hence, through this petition, we seek justice not only for individuals like my father but for all victims of crypto scams. We call upon the relevant law enforcement agencies to properly investigate Hailey Welch's activities, bring her to trial, and if found guilty, ensure she faces the maximum possible sentence.

Please sign this petition to hold crypto scammers accountable and protect future victims.