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Helius acquired Light Protocol, the team behind Solana's ZK syscalls and ZK Compression, to build Solana's onchain privacy layer.
solanacompass.com/news/helius-acquires-light-protocol-to-build-solanas-privacy-layerMumtaz publicly defended Solana against criticism labeling it a "meme coin casino," arguing that bad actors should not define the ecosystem.
cryptopotato.com/helius-labs-ceo-defends-solana-amid-criticism-over-meme-coin-frenzy/Former Helius engineer Miles Smith published a lengthy X post alleging workplace misconduct by Mumtaz, which Mumtaz publicly denied.
crypto.news/former-helius-engineer-describes-founder-mert-mumtaz-as-toxic-in-lengthy-x-post/Helius reported a cumulative $21.75 million fundraise co-led by Haun Ventures and Founders Fund, with participation from existing investors.
www.helius.dev/blog/funding-announcementHelius announced the launch of its Solana validator and the hSOL liquid staking token, returning 100% of inflation and MEV rewards to stakers.
www.helius.dev/blog/funding-announcementHelius announced a $9.5 million Series A funding round led by Foundation Capital, with participation from Solana's co-founders.
crypto.news/former-helius-engineer-describes-founder-mert-mumtaz-as-toxic-in-lengthy-x-post/Following the collapse of FTX, Mumtaz became a key public advocate for Solana, using his technical expertise to restore confidence in the ecosystem.
Mumtaz left Coinbase to co-found Helius, a developer tooling and infrastructure firm for the Solana blockchain, with Liam Vovk and Nick Pennie.
Mert Mumtaz joined Coinbase as a software engineer on the platform team, where he developed a deep interest in the Solana blockchain.