The Dramatic Crash of a Buzzy Cryptocurrency Raises Eyebrows

Just last month, the ICP crypto token, tied to a project backed by prestigious venture capitalists, was worth tens of billions of dollars. Then, its value collapsed.

By Ephrat Livni and Andrew Ross Sorkin

In early 2020, Dominic Williams was feted at the World Economic Forum in Davos, Switzerland, as the next king of blockchain technology. Mr. Williams is the founder of the Dfinity Foundation, a Swiss nonprofit organization that started an ambitious project called the Internet Computer, backed by Andreessen Horowitz, one of the most prestigious venture capital firms in Silicon Valley.

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