Cryptocurrency Drama: $250K Bounty Hunt for Ocean Protocol’s $120M Fiasco 💸🕵️♂️

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In the turbulent waters of cryptocurrency, where trust is as scarce as a sunny day in Siberia, the tempest between Fetch.ai’s Humayun Sheikh and Ocean Protocol rages on. The CEO, with the flair of a modern-day Don Quixote, has thrown down a gauntlet of gold-$250,000-to unmask the elusive signatories of OceanDAO’s multisig wallet. A cryptographic fortress, this wallet demands multiple keys to unlock, much like the secrets buried within.

This bounty arrives hot on the heels of allegations that Ocean Protocol’s team, during the 2024 ASI Alliance merger, conjured a storm of 286 million FET tokens from thin air (or perhaps a spreadsheet error), converting them into OCEAN tokens and vanishing into the ether of centralized exchanges. Sheikh, now armed with legal threats and a megaphone, has vowed to fund lawsuits across jurisdictions, while Binance-ever the bystander-halted OCEAN deposits with the subtlety of a silent scream.

The FET token, once buoyant, now sinks like a lead balloon, trading at $0.25-a 9% plunge in 24 hours. Meanwhile, Bubblemaps’ data reveals a sly maneuver: 661 million OCEAN tokens transformed into 286 million FET, funneled into Binance and GSR Markets like a pirate’s hoard. “Community incentives,” they call it. A clever excuse, or a Shakespearean farce?

“In total, an estimated 270M $FET tokens were sent to Binance or an OTC provider […] Total value: ~$120M.”

Ocean Protocol, now exiled from the ASI Alliance, denies the accusations with the grace of a drowning man clutching a coconut. But the blockchain, that unblinking ledger, whispers of a “symphony of greed” composed in code. As the crypto world watches, one wonders: will this saga end in a court of law, or a court of public opinion? 🎭💸

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2025-10-22 00:56