Helium, cofounded by Amir Haleem, pictured, has recently defended the crypto project over low revenue, and misrepresenting customer affiliations. Community sleuths have theorized that Binance partially delisted Helium as a result of its threatened HNT liquidity, though it remains unclear how Binance would recover its losses by penalizing HNT trading. Known as Helium 5G, it aims to provide connection to 5G devices, and has launched an associated crypto token, MOBILE, to underpin it. Like other crypto projects, Helium could be facing impending regulatory headwinds, and over the past year, federal agencies have targeted the crypto industry from many sides. The SEC and CFTC have respectively tackled financial and community crypto investigations.

Source: Forbes October 08, 2022 05:25 UTC