Cryptocurrency giant Ocean Protocol is facing intense scrutiny following allegations that it dumped Fetch.ai (FET) tokens without prior disclosure. Reports emerge shortly after the company’s departure from the Artificial Superintelligence (ASI) Alliance, which has sparked concern among stakeholders and blockchain communities alike. 661 million OCEAN tokens were reportedly converted into roughly 286 million FET tokens, resulting in a $191 million value transfer through multiple addresses. By mid-October, approximately 270 million of these FET tokens were distributed to Binance or OTC providers, worth an estimated $120 million. Fetch.ai’s CEO, Humayun Sheikh, voiced concerns about the unauthorized transfers and lack of transparency, offering a $250,000 bounty for anyone who could identify the signatories on OceanDAO’s multisig wallet. Sheikh emphasized his concern over the lack of transparency in these transactions, highlighting their potential impact on investor confidence. Ocean Protocol has yet to address the accusations publicly. The allegations pose a significant risk to the company’s reputation and trust with partners and stakeholders. The cryptocurrency market, known for its reliance on transparency and accountability, has experienced numerous similar instances where misconduct led to broader market impacts. These events have fueled calls for increased openness within the blockchain industry. This incident serves as a critical reminder of the importance of communication and transparency in financial transactions, especially within the volatile crypto landscape.