Fetch.ai & Ocean Settle $120M Token Dispute

After months of legal wrangling, Fetch.ai and Ocean Protocol have resolved their dispute over 286 million FET tokens, bringing relief to affected stakeholders and potentially restoring confidence in the cryptocurrency market. The resolution follows allegations of misappropriation during a merger between the two companies, which resulted in a significant price drop for FET (Fetch.ai’s native token) – reaching as low as 93% at the time of settlement. This move addresses substantial liquidity risks and concerns regarding the transparency of token management in the crypto world.