Overview of the allegations:

Reports suggest Atonomi has had a short and turbulent history since the inception of their ICO in May 2018. It is alleged that the company, which promised an “ingenious security protocol and infrastructure to enable trusted interoperability on ‘billions’ of devices”, was actually a multifaceted and multi-tiered scam. Numerous reports have led to great controversy surrounding Atonomi, including reports indicating the following: investors committing mass dumps on Day One, a CEO being dismissed and dubiously replaced, misuse of ICO funding, and a coin that is all but worthless less than twelve months later.

The following allegations have arisen: the company cannot account for the funds raised, the company is deceptive and misleading, the coin has no value, and the promised products have never been realised.