Overview of the allegations:

It has been eighteen months since Storiqa’s ICO closed, and the company has now allegedly completely given up on their investors. It has been alleged that they never had anything real to show to their investors, and soaked up almost 25m USD in funds, to no real end.
Today, reports suggest their websites are unresponsive, their social media is allegedly abandoned and rife with attacks by disgruntled investors, and there is allegedly no trace of the company behind the ICO or its founders. This project allegedly threw up red flags from the inception and to this day remains completely unregulated and deceitful, reports indicated.