👨⚖️ Federal class action lawsuit leveled at Atonomi for unregistered securities offering
A federal class action lawsuit has been raised against Atonomi for failing to register as a securities offering in what the plaintiff argues amounts to an investment contract. According to lawyer Stephen Palley, the prosecutors are trying to hold the Atonomi management team personally responsible. The lawsuit cites both a 98% drop in value, no acutal token utility, and failure to lock up tokens for 12 months as chief concerns.
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