Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
AI-blockchain industry sidesteps courtroom battle through $120M token settlement

AI-blockchain industry sidesteps courtroom battle through $120M token settlement

Bitget-RWA2025/10/24 19:32
By:Bitget-RWA

- Fetch.ai and Ocean Protocol agree to return 286M FET tokens ($120M) to resolve a 2024 merger dispute, avoiding legal action and restoring trust in AI-blockchain governance. - The feud arose after Ocean Protocol allegedly converted 661M OCEAN tokens into FET and transferred 160M to Binance and 109M to GSR Markets, which Fetch.ai accused of misappropriation. - Ocean Protocol denied wrongdoing, blaming FET's 93% price drop on market volatility and other alliance members' sales, while criticizing Fetch.ai fo

The prolonged disagreement between Fetch.ai and Ocean Protocol seems close to being settled, as both sides have agreed to return

—valued at roughly $120 million at the time of the disputed transaction—back to the Fetch.ai community. This agreement, during an X Spaces discussion, is intended to prevent a lengthy court case and help rebuild confidence in the AI-blockchain industry. Sheikh mentioned that Fetch.ai will provided Ocean Protocol officially returns the tokens, with the process possibly concluding as soon as Friday.

AI-blockchain industry sidesteps courtroom battle through $120M token settlement image 0

The conflict, which became one of the most widely discussed disputes in the AI and blockchain world, began after the 2024 formation of the

—a partnership bringing together Fetch.ai, Ocean Protocol, and SingularityNET. The alliance was created to unify decentralized AI infrastructure by standardizing their token systems, with as the primary token. However, relations soured in mid-2025 when Fetch.ai accused Ocean Protocol of for 286 million FET tokens and moving much of these to centralized exchanges such as Binance and GSR Markets. According to blockchain analytics provider , 160 million FET tokens were transferred to Binance and 109 million to GSR Markets, intensifying claims of misappropriation.

Ocean Protocol has repeatedly

, maintaining that its treasury operations were open and in line with governance rules. In a blog post, Ocean founder Bruce Pon blamed the 93% drop in FET’s value—from a 2024 high of $3.22 to about $0.26—on overall market instability, liquidity challenges, and large FET sales by other alliance partners. The foundation also accused Fetch.ai and SingularityNET of compromising decentralization by hastily merging and disregarding audit advice. Despite these points, Sheikh emphasized that returning the tokens would let both parties “safeguard the community and move ahead” without resorting to lawsuits.

This resolution carries weight for the AI-blockchain field, which has faced doubts over transparency and governance. Since the ASI merger, Fetch.ai’s FET token has dropped more than 93% in value, while Ocean’s OCEAN token has also declined, recently trading at $0.30 after a 4% daily fall. Experts suggest the agreement could help restore investor trust, especially as the crypto sector faces broader instability. GeoStaking, a validator node that helped mediate the negotiations, confirmed Ocean Protocol’s readiness to return the tokens once a formal request is made, with news sources indicating the two sides are

.

This episode underscores the difficulties of running decentralized organizations, where differing governance approaches and liquidity plans can spark public disputes. Although the ASI Alliance set out to lead decentralized AI development, its breakup—after Ocean Protocol’s exit in October—highlighted the fragility of such partnerships. Should the token return go through, it may represent a fresh start for both projects, allowing them to concentrate on technological progress instead of legal strife; observers have cautioned that the dispute

.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Growth and Evaluation of Investments in AI-Powered Educational Technology

- The global AI-driven EdTech market is projected to grow from $7.05B in 2025 to $112.3B by 2034 at 36.02% CAGR, driven by personalized learning and AI-powered tools reducing educator workloads by 25%. - However, 50% of students report reduced teacher connections, 70% of educators fear weakened critical thinking, and 63% of specialists cite AI-related cybersecurity risks, highlighting ethical and systemic challenges. - Anthropology and interdisciplinary approaches address AI biases and cultural gaps, exemp

Bitget-RWA2025/12/12 16:08
The Growth and Evaluation of Investments in AI-Powered Educational Technology

The Growing Significance of Financial Well-being in Investment Strategies

- Investors increasingly prioritize financial wellness, integrating emotional intelligence (EI), ESG principles, and fintech to align wealth strategies with holistic well-being and ethical values. - Research shows higher EI improves investment resilience, prompting advisors to address emotional biases like loss aversion through AI-driven tools and personalized guidance. - ESG-linked assets surpassed $50 trillion by 2025, with fintech platforms enabling tailored sustainable portfolios and AI-powered debt ma

Bitget-RWA2025/12/12 15:26
The Growing Significance of Financial Well-being in Investment Strategies

COAI Experiences Significant Price Decline in Late November 2025: Is the Market Overreacting or Does This Present a Contrarian Investment Chance?

- ChainOpera AI (COAI) plummeted 90% in late 2025 due to CEO resignation, $116M losses, and regulatory ambiguity from the CLARITY Act. - Market panic and 88% supply concentration in top wallets amplified the selloff, while stablecoin collapses worsened liquidity risks. - Contrarians highlight C3 AI's 26% YoY revenue growth and potential 2026 regulatory clarity as signs of mispriced long-term AI/crypto opportunities. - Technical indicators suggest $22.44 as a critical resistance level, with analysts warning

Bitget-RWA2025/12/12 14:22
COAI Experiences Significant Price Decline in Late November 2025: Is the Market Overreacting or Does This Present a Contrarian Investment Chance?
© 2025 Bitget