Helium Execs and Friends Allegedly Hoarded Majority of Wealth
Once heralded as one of the largest success stories in the Web 3 space, Helium has once again found itself in troubled waters. Helium executives and their friends have amassed much of the wealth generated in its earliest and most lucrative days, the new report states. According to the report, 30 digital wallets appear to be connected to Helium employees, their friends, and family. This group of wallets mined 3.5 million HNT in the initial three months of its inception. More than a quarter of all HNT was then mined by insiders in the next three months. The total funds were valued at $250 million when the price peaked last year but are worth approximately $21 million following the 2022 crash. Compensating early investors and employees by allotment of tokens is common for companies.
Source
https://t.me/Helium_Waves_Stepn
