Ocampo alleges that more than 469,213,710 ICP tokens issued under this process were literally \u201ccreated out of thin air\u201d and sold in violation of \u0417\u0430\u043a\u043e\u043d\u0430 \u043e \u0446\u0435\u043d\u043d\u044b\u0445 \u0431\u0443\u043c\u0430\u0433 1933 \u0433\u043e\u0434\u0430<\/a>.<\/p>\n According to the lead plaintiff, investors were sold tokens on the premise that they were investing in a joint venture and could expect future profits dependent on the success of Internet Computer.<\/p>\n The filing also states that 24% of the current ICP supply was allocated to the defendants, with the lion\u2019s share of these assets distributed between Polychain Capital and a16z.<\/p>\n After the Genesis block launch, ICP traded around $475, but over the course of the month its price fell by 90%, according to CoinGecko<\/a>. At the time of writing the asset price was $34.9.<\/p>\n < figure class=\"wp-block-image size-large\"> In late June Arkham Intelligence analysts released<\/a> a report in which they described such a price plunge as highly unusual for a project with such large investments.<\/p>\n Analysts also found that around $2 billion worth of ICP tokens were moved to cryptocurrency exchanges by \u201clikely insider addresses.\u201d Those transactions coincided with a noticeable price drop.<\/p>\n On May 25, 2021, the DFINITY Foundation launched a program to fund the development of the Internet Computer ecosystem<\/a>. Grants to developers totaled more than $223 million.<\/p>\n CA Sup Mto 21-Civ-03843 Complaint<\/a> by ForkLog<\/a> on Scribd<\/p>\n![\"Investors](\"https:\/\/forklog.com\/wp-content\/uploads\/icp-1-1024x471.png\")