as some of you have seen, the SEC has decided to sue us and @helium literally as they are walking out of the door. the last gasp of a failed crusade against crypto companies in the US
naturally, none of the claims hold any water at all. the SEC has wasted two years of our time and millions of our dollars pursuing any claim they could think of. first it was that the coverage map was fake, then that the cellular radios weren't really cellular, then that the IOT hotspots didn't really work, literally chasing anything that might stick
eventually they decided that wireless access points must be securities (lol), and that if you share your location data using @helium_mobile and get paid for it that is somehow bad. apparently they would rather let the big telco guys steal your data for free and fine them for it later
the icing on the cake is that we somehow defrauded our Series D investors, despite literally all of them telling the SEC that none of that happened. we've addressed this in the past, and have worked with every company on Helium mentioned in the complaint. apparently written testimonials from the companies themselves are insufficient for Gensler and his goons
I don't get angry very often, but this is a blood boiling sequence of events. there's so much more I could say, but it's probably better if I don't
we'll defend ourselves vigorously and continue the Gensler SEC's track record of miserable losses and outright lies. not just for us, but for all DePIN projects. if Helium hotspots are securities, it puts all DePINs in danger. we won't allow that to happen
I'm not remotely concerned. just pissed off
fight ✊🛡️
BRUH
Can I say, biggest @MeteoraAG LP Army Bootcamp EVER loud enough?
Forms are closed for January and if you missed it, there will be another in February. One every month and other languages coming!
Day 1 submissions: 10420
Day 2 submissions: 8969
👀
@hellochow
✨Nothing beats it when community leaders recognise your true potential!
We extend our gratitude to @heliuslabs for integrating us in their Startup Launchpad
Primed to accelerate on @solana with our Layer Zero DePIN model 🚀
India is an utter stats anomaly
The Dabba Network has moved roughly 1/2 the data as helium
With 1/17 the amount of hotspots
and….
They haven’t even launched yet
While others chase saturated markets, India has 700M+ people still waiting for reliable internet 🤯
This thread breaks down how we're turning this massive gap into an opportunity for:
🔸Local operators to scale 10x
🔸Global community to power local infra
🔸End users to get affordable connectivity
Must read 🧵👇
Grateful to be part of this incredible event!🙏
The Connections made during #IgnitionWeek are already helping shape our journey in scaling broadband connectivity to masses.
Here's to scaling DeWI across APAC and beyond🌏 Watch the recap👇
Imagine a city where connectivity belongs to the people who power it. ⚡️
That’s the vision behind a Layer Zero DePIN!
A foundation where interconnected products create self-sustaining smart cities.
1 network, many connections, built together💪