The Helbiz team had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz is going to IPO.
Helbiz coin holders filed a class-action case against Helbiz Inc., Salvatore Palella and others.
Case filed in New York Southern District Court on June 19, 2020

Is this a SCAM? Helbiz ICO, 2018

Update from May 5, 2020. Helbiz team close Helbiz coin and announce HBZ swap to ETH for HBZ holders.

Update from June 19, 2020. Helbiz coin holders filed class-action case against Helbiz Inc., Salvatore Palella and others in New York Southern District Court

Helbiz is a project preparing for an IPO with Helbiz Inc.'s legal entity. But the Helbiz project raised $5m on pre-sale and $38m in February 2018 at ICO (Initial Coin Offering) for crypto-currency Helbiz coin (HBZ) to Singapore based company HELBIZ MOBILITY SYSTEM PTE. LTD. Look at archived helbizcoin.io , and Etherscan , CranchBase archived , #HelbizCoin in Twitter , #Helbiz ICO in YouTube , *original helbizcoin.io was deleted by Helbiz team

Helbiz team got money from tokensale to develop Helbiz, include Helbiz Pay.. Now, Helbiz team, probably, deceived all their crypto-investors and are trying to hide all connections with the ICO before IPO. Helbiz team thinks that if they use different legal entities, nobody knows the truth.

The ICO price was 0.15$ per token and fall to 0.0002$ at the minimum during the 2018-2019 years, causing Helbiz coin holders to take a considerable losses.

Source: check it on ICO rating, ICOmarket, ICOBench.

Check out the Helbiz topic on BitcoinTalk with 60 pages of discussion.
Here is Helbiz WhitePaper.

Look at the video below from Helbiz ICO strategic session. *This video deleted by Helbiz Inc. request from YouTube post , archived link

There are Helbiz team, CEO of Helbiz Salvatore Palella, CEO of Skrill Lorenzo Pellegrino, Director of Alphabit Digital Currency Fund Saeed Darmaki, and others.

It is essential to mention that Skrill backs the Helbiz project from the beginning.

So, Helbiz raised money for the Helbiz project and Helbiz Pay system that uses Helbiz coin (HBZ) for all Helbiz's services. At the same time it's a wallet that allows to: receive, store, transmit virtual currency (Helbiz coin/ HBZ coin) between locations and individuals.

Helbiz White Paper (crypto contract) was based on the Helbiz app, the Helbiz Pay system, and Helbiz coin / HBZ coin as a utility token.

But the Helbiz Pay system still isn't realized in the Helbiz app and still doesn't work, and there is no trace of it in the Helbiz application, and Helbiz coin / HBZ coin is not mentioned anywhere.

The Helbiz team removed all information about ICO, about the token, renamed crypto-currency, and renamed and closed Singapore company. Helbiz team is making it look that ICO was for "HBZ product" and it's "their partner". Hiding bihind Helbz Inc. they say that "HBZ isn't operated by us", but we remember that ICO was for Helbiz project and Helbiz coin. So, after ICO, Helbiz team created first version of Helbiz project. And in a 1,5 year they want to do an IPO!.

Look the review of Helbiz ICO pre-sale:
Finally, Helbiz team:

1. Ignore ICO investors and Helbiz coin holders. No announces, no connections, no messages.

2. Renamed Helbiz coin to HBZ coin

3. Helbiz team deletes everything related to the token and the ICO project from the official website of Helbiz www.helbiz.com. It separates on a new webpage www.hbzcoin.com everything associated with the token and ICO. The new site doesn't have a technical team, either responsible, nor white paper, nor roadmap, lacks all the fundamentals of a crypto project that celebrated a successful ICO.

Moreover, Helbiz team claims that it isn't them. "It's our partner", "ICO was for HBZ, not for Helbiz"

4.
Helbiz Team and admins left all official chats and channels, close all official chats (Telegram, bitcointalk forum, etc.) without any explanations to community

5. Helbiz stops to contact ICO investors and Helbiz coin holders.

6. In 2019 Helbiz team renamed the Initial company with which they celebrated the ICO in Singapore HELBIZ MOBILITY SYSTEM PTE. LTD. to HBZ SYSTEMS PTE. LTD.
Look the proof: https://opencorporates.com/companies/sg/201804871N

6.
"HBZ SYSTEMS PTE. LTD." now is struck off
You can check the information here: https://www.tis.bizfile.gov.sg.

"Striking off a company's name from the register simply means deregistering the company from the Register of Companies. The eventual outcome is that the company will be dissolved. "
So, the company that got money for ICO, was closed.

6. Helbiz had companies in the USA that prudently weren't used for ICO - Helbiz Inc, and a few branches include Helbiz CA LLC. Helbiz team announced double IPO with NASDAQ and Borsa Italiana for Helbiz Inc..

7. ICO chat was closed, the username of conversation is used for Helbiz Press Center from February 20, 2020
Helbiz coin (HBZ) is nothing now.

8. Helbiz coin was delisted from crypto-exchange with the reason "We have decided to delist these tokens due to the protection against the possible future massive losses for Traders."

9. Helbiz team request lats crypto-exchanges to delist Helbiz coin (HBZ). That looks like exit-scam

10. Helbiz team, maybe for the money of Helbiz Inc., hired lawyer to take-down this webpage, and are threatening to us. They don't like our opinion based on the facts above. But they don't share to crypto-commmunity any explanations what's going on, or why they behave like that?

ICO investors and Helbiz coin holders have no idea what's going on. As a consequence, the token Helbiz coin / HBZ coin collapse in price and volume of transactions as a consequence due to the apparent abandonment and stoppage of development by Helbiz and Salvatore Palella.

It all looks like the Helbiz team abandoned the Helbiz coin, and we all lost our money.

Probably, the Helbiz team wants to hide Helbiz connection with ICO from SEC and IPO investors. Maybe they will use dishonest financial reporting for SEC.

It's not fair play with ICO investors and Helbiz coin holders.

So, will be Helbiz honest with IPO investors?

In our opinion, Helbiz coin is still undervalued to much now. And has all the chance to go to TOP-10 crypto-currencies. Look at all posts in the blog.

But Helbiz team behavior looks like they scammed the Helbiz coin project.

It's strange, isn't it?
Helbiz Pay and HBZ coin