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Helium Insiders Profited From Project at Expense of HNT Commun | Helium Waves Stepn

Helium Insiders Profited From Project at Expense of HNT Community, States Forbes Report

A
new report has revealed that executives and insiders at Helium network benefited disproportionately from the project at the expense of the broader community. The Forbes report identified 30 wallets connected to Helium insiders such as employees, their family and friends, and early executives. Analysis of on-chain data reveals that these wallets mined over 3 million of all HNT tokens within the first three months of its launch in 2019.This accounts for almost half of all HNT tokens in circulation at the time. By the sixth month of launch, insiders had mined a quarter of HNT tokens, equivalent to $250 million of its peak value last year.

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