$84M Token Clash Rocks the ASI Alliance

[cryptoenthusiast]

A bitter feud has erupted inside the Artificial Superintelligence (ASI) Alliance, the 2024 merger of Fetch.ai, Ocean Protocol, and SingularityNET.

Fetch.ai CEO Humayun Sheikh accused Ocean Protocol of minting 719M OCEAN tokens in 2023, later swapping 661M OCEAN for 286M FET (~$84M).
He claims Ocean moved tokens to CEXs & market makers without disclosure — calling it “a rug pull in all but name.”

Ocean denies the allegations, calling them “unfounded and harmful rumors.”
The fight has now escalated to legal arbitration under the merger framework.

[alex10]

The $84M token dispute could destabilize short-term investor sentiment, but clarity may strengthen the alliance later.

[Nahid10]

Token conflicts often reveal governance flaws — this could lead to better DAO frameworks in the next phase.