PANews reported on October 21st that blockchain analytics platform Bubblemaps published an article on the X platform: Ocean Protocol is suspected of selling over $100 million in community tokens, and Fetch AI has publicly accused it of misconduct. The data is as follows: In March 2024, Ocean Protocol, Fetch AI, and SingularityNET collaborated under the ASI Alliance framework and merged to adopt a single token, FET, with OCEAN convertible to FET at a fixed exchange rate. After the merger, the Ocean Protocol team wallet still retained a large number of OCEAN tokens, claiming to use them for "community incentives" and "data mining." However, on July 1st, its wallet (0x4D9B) converted 661 million OCEAN tokens into 286 million FET (approximately $191 million) and sent 90 million FET tokens to OTC provider GSR Markets. On August 31st, the wallet distributed the remaining 196 million FET tokens to 30 new addresses. By October 14th, nearly all of the funds, totaling approximately 270 million FET, had been transferred to Binance or an over-the-counter (OTC) provider. On October 9th, Ocean Protocol announced its withdrawal from the ASI Alliance, without providing a reason or mentioning the FET tokens transferred. The FET team responded on the X platform, accusing Ocean Protocol of dumping community tokens. Ocean Protocol's CEO called the accusation "unfounded rumors" and stated that the team was preparing a formal response. Bubblemaps stated that it could not confirm whether Ocean Protocol sold the FET tokens, but such transfers are typically related to cashing out. On-chain activity indicates that a multisig wallet associated with Ocean Protocol exchanged 661 million OCEAN tokens for 286 million FET and transferred 270 million FET to Binance and GSR. We have contacted the Ocean team but have not yet received a response. The incident has been made public on the Intelligence Analysis Desk for community investigation.
Bubblemaps: Ocean Protocol-linked wallets suspected of selling over $100 million in community tokens
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Author: PA一线
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