ASI alliance merger breakdown update: Ocean requests Fetch.ai to promptly inject the promised 110.9 million $FET into the token migration contract.

PANews, October 27 news, regarding the controversy after the merger of the ASI Alliance (composed of Fetch.ai, Ocean Protocol, and SingularityNET) broke down, the Ocean Protocol Foundation recently released a statement denying the accusations from Fetch.ai executives about “stealing community tokens” and countering that Fetch.ai has not fulfilled its legal obligations. Ocean stated that the accused Token belongs to the independent organization Ocean Expeditions (formerly oceanDAO), which is legally separate from the foundation and did not participate in the ASI merger agreement. Ocean also revealed that in May 2024, it clarified the independence of Ocean Expeditions to Fetch.ai and SingularityNET. In addition, Ocean requires Fetch.ai to quickly inject the promised 110.9 million $FET into the token migration contract for $OCEAN token holders to redeem. Ocean emphasizes that there is no possibility of “returning tokens,” and the related tokens are securely held by Ocean Expeditions for the community. In addition, Ocean Protocol clearly states that there is no so-called “return” token issue because the tokens have never been stolen or transferred.