Loading Ratings...
Fetch.ai Ocean Protocol near agreement to return $120M in FET tokens, ending ASI dispute without legal action after weeks of conflict.
Author: Akshat Thakur
Published On: Fri, 24 Oct 2025 12:16:29 GMT
October 24, 2025 – The ongoing feud between Fetch.ai and Ocean Protocol may soon reach resolution as both sides edge toward a deal to return $120 million in FET tokens, potentially avoiding a lengthy and costly legal battle. Fetch.ai CEO Humayun Sheikh announced that legal claims would be dropped if the disputed tokens were returned, while Ocean Protocol signaled readiness to comply once the proposal is formally delivered.
During a Thursday X Spaces discussion, Sheikh confirmed that Fetch.ai will send a written proposal for the return of 286 million FET tokens, allegedly transferred by Ocean Protocol during the Artificial Superintelligence Alliance (ASI) merger. He offered to cover legal costs if Ocean agreed to the recovery plan, stating:
“The offer is simple: give my community back the tokens, and I’ll drop every legal claim.”
Validator node GeoStaking, which helped mediate talks, said Ocean Protocol would accept the arrangement once the legal documentation arrives expected as soon as Friday.
The dispute originated from the 2024 ASI Alliance merger, which unified Fetch.ai, Ocean Protocol, and SingularityNET under a shared FET token framework. Fetch.ai alleges that an Ocean-linked multisignature wallet minted 719 million OCEAN in 2023, converting 661 million OCEAN into 286 million FET in July 2025, with portions sent to Binance and GSR Markets.
Ocean denies any wrongdoing, maintaining that the token movements were transparent and aligned with merger terms.
The FET token has fallen over 93% since the ASI merger’s peak in March 2024, now trading near $0.26. Ocean Protocol founder Bruce Pon disputed claims that Ocean’s actions caused the drop, citing broader market volatility and liquidity issues following large token sales by other alliance members. He added:
“The 93% drop was driven by market conditions and excessive FET sales across the alliance not by Ocean’s exit.”
Despite tensions, both projects are signaling reconciliation to avoid further market uncertainty.
Crypto community responses on X were cautiously optimistic, with users calling the move a “win for decentralized accountability.” Observers noted that an amicable resolution would preserve both projects’ credibility in the AI blockchain space, where reputation plays a key role in enterprise adoption.
If finalized, the deal could restore investor confidence and stabilize FET’s ecosystem after months of internal conflict and volatility. Both teams have committed to transparency and formal communication in upcoming public statements.
Real voices. Real reactions.
@HMsheikh4 I dont care if FET was sold, or how this money was raised. Well worth every single penny to figure out how $OCEAN has fraudulently hurt all investors.
@HMsheikh4 what good will that even do? chances are what they did wasn't even illegal, just unethical. and how will any of this help early $fet investors who have been here since before the merge? literally just focus on fixing tokenomics please 🙏🏼
@HMsheikh4 Most likely this fiasco will be settled behind closed Doors by an arbitrator so both parties can save face. We fetch investors are the ones who will take the loss. Which I have already done in my mind. I will stay the course. I believe the tech I bought the dip... Shit happens
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
