Fetch.ai CEO Offers $250K Bounty Over OCEAN Allegations

Fetch.ai CEO Humayun Sheikh has offered a $250,000 bounty for information identifying the signers of OceanDAO's multisignature wallet and their connection to the Ocean Protocol Foundation. This action stems from allegations that Ocean Protocol converted 661 million OCEAN tokens into 286 million FET tokens before the Artificial Superintelligence (ASI) Alliance merger took effect, with 270 million FET later transferred to exchanges like Binance and GSR Markets. Sheikh claimed these conversions diverted community funds, while Ocean Protocol has denied the allegations as "unfounded" and promised a formal response. Ocean Protocol has since withdrawn from the ASI alliance. The dispute is causing reputational strain on the ASI merger, and Sheikh has pledged to finance class-action lawsuits. Amid the uncertainty, both Fetch.ai's FET and Ocean Protocol's OCEAN tokens saw price declines.

(Source：BeInCrypto)