A disagreement between Fetch.ai CEO Humayun Sheikh and the Ocean Protocol Basis has taken a extra severe flip.
Sheikh is providing a $250,000 reward to anybody who can present particulars about people accountable for a digital pockets linked to OceanDAO, and the way they’re related to the Ocean Protocol Basis.
The reward supply follows Sheikh’s public claims {that a} pockets tied to Ocean Protocol dealt with numerous Fetch.ai’s tokens with out correct disclosure.
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He alleged that round 286 million FET
$0.2427
tokens, price roughly $80 million on the time, have been moved from Ocean-related sources.
In accordance with Sheikh, Ocean created new OCEAN
$0.2733
tokens earlier than a deliberate merger, exchanged them for FET tokens, after which despatched these tokens to main exchanges.
Ocean Protocol has rejected these claims. Nevertheless, blockchain monitoring instrument Bubblemaps reported seeing transactions from an Ocean-linked pockets.
These transactions appeared to contain changing round 661 million OCEAN tokens into 286 million FET tokens. Bubblemaps additionally famous that a big portion of the FET tokens ended up on crypto platforms.
In a submit on X, the blockchain monitoring instrument mentioned:
Regardless of the merger, Ocean Protocol staff stored a considerable amount of OCEAN of their wallets, supposedly for ‘neighborhood incentives’ and ‘knowledge farming’.
Extra particularly, round 160 million FET have been transferred to Binance
$15.29B
, whereas 109 million FET have been reportedly despatched to GSR Markets, a buying and selling agency.
Paxos, the corporate behind PayPal’s stablecoin PYUSD, not too long ago created 300 trillion tokens after which eliminated them from the blockchain. What occurred? Learn the complete story.
