$FET
What is known!
According to coverage by Cointelegraph, Fetch.ai stated that it would cancel all pending legal claims against Ocean Protocol if the latter returned 286 million FET tokens, valued at approximately US$ 120 million at the time.
Chain data indicates that a multisig wallet linked to Ocean Protocol converted about 661 million OCEAN into 286 million FET, some of which were transferred to exchanges and OTC providers — which fueled allegations of misconduct.
The formal proposal for return still depended on "officially writing" the agreement, according to cited sources.
The agreement appears to be in the formalization stage, meaning: it is not confirmed that all terms have been finalized or that the full return has already occurred.
What is known!
According to coverage by Cointelegraph, Fetch.ai stated that it would cancel all pending legal claims against Ocean Protocol if the latter returned 286 million FET tokens, valued at approximately US$ 120 million at the time.
Chain data indicates that a multisig wallet linked to Ocean Protocol converted about 661 million OCEAN into 286 million FET, some of which were transferred to exchanges and OTC providers — which fueled allegations of misconduct.
The formal proposal for return still depended on "officially writing" the agreement, according to cited sources.
The agreement appears to be in the formalization stage, meaning: it is not confirmed that all terms have been finalized or that the full return has already occurred.