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Helium Continues To Be Accused Of Deceiving Investors With Fake Partnerships

As CoinCu reported, Helium was recently accused of being shady in business, not long after the event, yesterday, this project was said to intentionally “take advantage” of partnerships for the purpose. to attract investors.
Helium Continues To Be Accused Of Deceiving Investors With Fake Partnerships 4

There are many mentions of the partnership on Helium’s website and the presence of the Lime company logo in the press with various news outlets. Especially the tech giant Salesforce, introduced as one of the biggest companies to work with Helium.

Partners introduced by Helium on the project website in 2021

In May 2021, it once again mentioned how trusted the platform is by users and put Lime and Salesforce on its customer list but omitted the tagging. directly to Lime’s Twitter account, but only for Salesforce.

However, over the weekend, reports proved that the project misled the community. Precisely, technology media company Mashable has “uncovered” this incident. In essence, Helium does not have any partnership with Lime or Salesforce, as they advertise on their website.

Lime has denied a partnership with Helium since 2019 and claims the trucking company only had initial testing of the platform. Lime senior director of corporate communications, Russell Murphy said:

“Beyond an initial test of its product in 2019, Lime has not had, and does not currently have, a relationship with Helium.”

Murphy shared that the project will not use Lime’s brand name for promotional material as part of the test. The project violated that condition and repeatedly falsely claimed to be “trusted” by Lime. Although Lime was aware of this misinformation, the company did not take legal action.

Next is Salesforce, which similarly denied Lime. Commenting on the company logo placed next to Lime appearing on the website, Salesforce spokeswoman Ashley Eliasoph said:

“Helium is not a Salesforce partner, and regarded the graphic on the website showing the Salesforce logo as inaccurate.”

After the mentioned facts were widely spread, up to the time of writing the article, the official website has removed both Salesforce and Lime logos, the company has not commented on this topic yet with the media.

Partners introduced by Helium on the project website recently

The project’s Reddit community members have added that the developers needed to be brought to book as the purported partnerships were used to draw unsuspecting investors.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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