News 
Coin Information 
About us 
Customer Service 
Fetch.ai CEO Humayun Sheikh has announced a $250,000 bounty for information identifying the signers of OceanDAO’s multisignature wallet, intensifying the ongoing dispute between Fetch.ai and Ocean Protocol. The conflict stems from alleged token mismanagement before the Artificial Superintelligence (ASI) Alliance merger in 2024—a partnership meant to unite Fetch.ai, Ocean Protocol, and SingularityNet under a shared decentralized AI vision.
According to blockchain analytics firm Bubblemaps, Ocean Protocol allegedly converted 661 million OCEAN tokens into 286 million FET before the merger took effect. Of these, around 270 million FET were later transferred to exchanges, including 160 million to Binance and 109 million to GSR Markets. Sheikh claimed these transactions breached the alliance’s principles, asserting that “funds intended for the community were diverted.” He called on Binance and GSR to investigate the matter and has pledged to fund class-action lawsuits across multiple jurisdictions to hold Ocean Protocol accountable.
Ocean Protocol has strongly denied the accusations, labeling them as “unfounded,” and said it would issue an official response. Notably, Binance halted OCEAN deposits on October 15, just days before Sheikh’s public statement, fueling speculation despite the exchange not citing the feud as the cause.
Analysts warn the conflict could erode investor confidence in AI token alliances, which were once valued at over $7 billion. The controversy has also reignited debate about transparency in multisignature governance and token custody among blockchain projects. Ocean Protocol officially exited the ASI Alliance on October 9, offering no explanation for the disputed transfers.
As of October 21, Fetch.ai’s FET traded at $0.25, down 9% in 24 hours, while Ocean Protocol’s OCEAN stood at $0.25, both reflecting significant declines from their all-time highs. The dispute underscores the growing challenges of trust and transparency in decentralized AI collaborations.
Comment 0