ASI Alliance merger collapses: Ocean demands Fetch.ai inject 110.9 million $FETs into token migration contract as soon as possible

PANews reported on October 27 that in response to the controversy following the breakdown of the ASI Alliance (composed of Fetch.ai, Ocean Protocol, and SingularityNET), the Ocean Protocol Foundation recently issued an announcement denying Fetch.ai executives' accusation of "stealing community tokens" and counter-accusing Fetch.ai of failing to fulfill its legal obligations.

Ocean stated that the tokens in question belong to Ocean Expeditions (formerly known as oceanDAO), an independent organization legally separate from the foundation and not involved in the ASI merger agreement. Ocean also revealed that it had explained Ocean Expeditions' independence to Fetch.ai and SingularityNET in May 2024.

Furthermore, Ocean requested that Fetch.ai promptly inject the promised 110.9 million $FET into the token migration contract for redemption by $OCEAN token holders. Ocean emphasized that there would be no "return of tokens," and that the relevant tokens would be held securely by Ocean Expeditions for the community.

Furthermore, Ocean Protocol explicitly stated that there is no so-called “return” of tokens, as they have never been stolen or transferred.