Crypto Darling Helium Promised A ‘People’s Network.’ Instead, Its Executives Got Rich.

Davis is one of thousands of people who bought into Helium’s promise, together spending an approximate $500 million on hotspots they believed would pay steady dividends. But so far, citizens of the People’s Network have seen vanishingly small crypto rewards. After waiting more than six months for her $500 hotspot to arrive at her home in Houston, Davis has mined a single token in three months — about $5. “I could have used my money elsewhere and actually gained some income,” the 52-year-old real estate agent told Forbes, “not lose it after I pay my electricity bill.”

But Helium has made a handful of people disproportionately rich: its executives and their friends.

Source: Crypto Darling Helium Promised A ‘People’s Network.’ Instead, Its Executives Got Rich.