Fetch.ai, Ocean Protocol Set to Settle Dispute With $120 Million FET Token Return
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- Fetch.ai proposes to withdraw legal claims if Ocean Protocol returns 286M FET tokens.
- Ocean Protocol indicates readiness to comply once an official proposal is received.
- The FET token has lost over 93% of its value since the Artificial Superintelligence Alliance merger.
Fetch.ai CEO Humayun Sheikh has offered to end the legal conflict with Ocean Protocol Foundation if the latter returns 286 million FET tokens allegedly sold during the merger of the Artificial Superintelligence Alliance (ASI).
The proposal, announced during an X Spaces session on Thursday, could bring an end to one of the most publicized disputes in the AI and blockchain sectors.
Sheikh said the move was to protect the Fetch.ai community from further uncertainty and restore confidence after months of internal turmoil.
Related: Ocean Protocol Exits AI Alliance as FET Slides 21% on Liquidity Sh…
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