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- 💥 Gate Square Event: #PostToWinCGN 💥
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📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
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The dispute between the Artificial Superintelligence Alliance has escalated, with Fetch.ai demanding Ocean to return approximately $120 million worth of FET tokens.
On October 24, according to Cointelegraph, Fetch.ai and Ocean Protocol are seeking a resolution regarding a token dispute, but currently, both sides are at odds. The CEO of Fetch.ai stated in X Spaces on Thursday that if Ocean Protocol returns the 286 million FET tokens allegedly sold during the merger, the company will withdraw all pending legal lawsuits. According to Bubblemaps data, a multisignature wallet associated with Ocean Protocol converted approximately 661 million Ocean tokens into 286 million FET tokens, worth about 120 million USD. Previously reported, Ocean Protocol explained yesterday the reasons for withdrawing from the Artificial Super Intelligence Alliance (ASI), accusing partners SingularityNET (AGIX) and Fetch.ai (FET) of violating the core commitment of “all parties retaining control over assets.” After the merger, the price of FET tokens fell by 93% from its peak, mainly due to large sell-offs by SingularityNET and Fetch.ai, as well as the failure of Fetch.ai's high-risk “TRNR” trading, rather than Ocean Protocol's withdrawal. In 2024, SingularityNET (AGIX) merged with Fetch.ai and Ocean Protocol for the Artificial Super Intelligence Alliance (ASI) token merger, with the final token name being ASI, completed on June 13, 2024.