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Helium Network Founder Pledges to Stick With Solana After Bloody Day for SOL
The wireless hotspot network voted to move to Solana in September.
By Danny Nelson
Updated May 9, 2023, 4:02 a.m. Published Nov 10, 2022, 2:10 a.m.
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Helium network founder Amir Haleem tweeted his support late Wednesday for the decentralized wireless network’s migration to Solana, the blockchain ecosystem perhaps hardest hit by FTX’s sudden implosion.
“None of the criteria we used to evaluate the various [layer 1] blockchains has changed from when we proposed HIP70 and now,” he said, referring to the community vote that saw Helium abandon its own blockchain in favor of Solana’s in late September.
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The vote of confidence came after a bloody, 24-hour drawdown in crypto markets in which SOL shed over 40% of its value and Helium’s HNT lost 15%. Haleem, CEO of Helium backer Nova Labs, said he was unfazed by the bear market carnage and pledged to continue apace.
i still believe that those of us who went through those times understand what it takes to make it. this cycle feels just as bad, or worse. but i have absolute conviction that the team @solana is going to stay strong and focused, even when things feel impossibly hard
— amir 🛡️🎈 (@amirhaleem) November 10, 2022
Helium is a crypto-powered wireless hotspot network that until recently operated atop its own blockchain. The move to Solana will see it integrate with that far larger network’s big tech gambits, including Solana’s crypto-centric cellphone.
The project has been plagued by accusations of lying about key partnerships and its actual profitability.
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Illicit networks accounted for $141 billion of the trillions of stablecoin volume in 2025
Sanctions-related activity accounted for 86% of illicit crypto flows last year, with most of those flows routed through stablecoin platforms, according to TRM Labs.
Що варто знати:
- Illicit entities received $141 billion in stablecoins in 2025, more than half of it linked to the ruble-pegged A7A5 token, whose executives dispute claims that their operations are illegal.
- Stablecoins made up 86% of all illicit crypto flows in 2025, with sanctions-related networks such as the A7 ecosystem evolving into large, centralized cross-border financial systems.
- A745's director for Regulatory and Overseas Affairs disputed the findings.
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