Fetch.ai offers to drop lawsuit if Ocean Protocol returns 286M FET tokens

The FET token’s price fell by over 93% since the merger of the Artificial Superintelligence Alliance, a drop that is unrelated to Ocean Protocol’s actions, according to its founder.

Update Oct. 24, 4:56 pm UTC: This article has been updated to include comments from an Ocean Protocol Foundation spokesperson.

The feud between Fetch.ai and Ocean Protocol Foundation may be drawing to a close as the two sides look to reach a middle ground without escalating into a full-blown legal battle.

On Thursday, Fetch.ai said it would cancel all pending legal claims against the Ocean Protocol Foundation if the latter returned the 286 million Fetch.ai (FET) tokens that were allegedly sold during their merger.

Read more