Legal Battle Looms

[cryptoenthusiast]

️ Sheikh pledged to fund class-action lawsuits in three or more jurisdictions against Ocean Protocol, urging FET holders to prepare evidence.
He also called on Binance, GSR, and ExaGroup to investigate Ocean’s transfers.

Ocean Protocol’s official statement:

Treasury is “intact.”

The project suggested waiving confidentiality on an adjudicator’s findings.

Claimed Sheikh refused this proposal.

Translation: The fight is no longer just on-chain — it’s moving into courtrooms & arbitration panels, with tokenholders potentially caught in the middle.

[alex10]

Upcoming lawsuits could reshape how crypto exchanges operate under global regulatory frameworks.

[Nahid10]

The outcome of these legal battles might set a precedent for compliance and investor protection standards.