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New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
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HOT
Stake BTC and earn 10% APR
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New
Use USDT/USDC to mint GUSD for treasury-level yields
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Fetch.ai requests the Ocean Protocol Foundation to return 120 million USD FET Tokens to avoid legal disputes.
According to Deep Tide TechFlow news on October 24, Cointelegraph reported that Fetch.ai is seeking a settlement with Ocean Protocol Foundation regarding a token dispute. Fetch.ai CEO Humayun Sheikh stated during Thursday's X Spaces program that the company would withdraw all pending legal actions if the Ocean Protocol Foundation returns the 286 million FET tokens allegedly sold during the merger.
According to the blockchain data platform Bubblemaps, a multi-signature wallet related to Ocean Protocol converted approximately 661 million Ocean Tokens into 286 million FET Tokens, valued at about 120 million USD.
According to previous news, Ocean Protocol has withdrawn from the Artificial Superintelligence Alliance (ASI) on October 9. Since the establishment of the alliance, the price of FET Token has dropped by more than 93%.