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Have Helium Leaders Been Lining Their Own Pockets Executives | Helium Waves Stepn

Have Helium Leaders Been Lining Their Own Pockets

Executives at Helium (HNT), a developer of a "decentralized wireless infrastructure," as well as their family and friends, hoarded the majority of wealth at the project's launch, claims Forbes. This is a $1.2 billion web3 company that said it was building a global wireless internet connection called the “People’s Network.” Helium COO Frank Mong wrote that one of the tenets. Forbes claims to have reviewed “hundreds of leaked internal documents” and transaction data, and that it interviewed five former Helium employees, finding that, despite the project insiders promoting democracy and fairness, a majority of wealth generated in the earliest days of the project, when it was the most lucrative, went to these insiders.

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